17-04-2018 19:25 via insuranceinsider.com

IGI to revisit Lloyd's plans with Coverys

International General Insurance (IGI) has reignited its
Lloyd's start-up ambitions and is working with turnkey managing
agent Coverys, The Insurance Insider
understands.
Sources told this publication that IGI, which has long held
Lloyd's ambitions, is eyeing a syndicate launch for 2019.
The Lloyd's operating environment is currently highly
challenging, with underlying returns in the market at roughly zero
and new syndicates heavily loss-making.
In a statement Andreas Loucaides, CEO of IGI UK, sa
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