General

An Overview of How AM Best Assesses and Rates the Financial Strength of International General Insurance Holdings Ltd

Published

2 years ago

January 5, 2023

AM Best confirmed the credit rating of International General Insurance Holdings Ltd. during its annual rating review. Its strong financial position and its positive outlook are reasons for this rating. However, the score could change if the company faces some financial problems. Here are the key factors that could have an impact on the ratings.

Financial strength ratings

AM Best anticipates strong underwriting outcomes by International General Insurance Holdings Ltd. for the first nine months. The company is extremely confident of its financial stability. The company is expected to be profitable in 2022. will be able to generate substantial profits. The company is expected to enhance its financial stability by 2020. It is likely that the company will eventually list on the Nasdaq stock exchange.

Excellent financial profile. Highly rated panel Reinsurance. AM Best assessed the enterprise risk management strategy of the firm as essential. The company’s underwriting performance has maintained its stability and profit margin has increased. The company expects that the performance of its underwriting will continue to improve and that the profitability remains the same.

AM Best confirmed the IGI’s rating as a long-term issuer. It also confirmed the financial strength rating of IGI in addition. These ratings are an indication of the solid financial position and sound risk management. It also reflects good operating performance.

Long-term issuer credit ratings

Associated Long-Term Issuer Credit Ratings of IGI have been confirmed by AM Best. These ratings pertain to the IGI company, as well as its subsidiaries as well as its affiliates. These include Chubb Bermuda Insurance Ltd., Chubb Limited, MedPro Ltd. as well as the National Indemnity Company.

The rating of each of these companies reflect their company profile, financial strength and their ability to fulfill policyholder obligations. AM Best assessed the company’s enterprise risk management (ERM), as it was in line with the requirements. The rating also highlights the strength of balance sheets and operating margins. Furthermore, the ratings are a reflection of the company’s crucial role in supporting the world’s A&H segment.

Even though IGI’s capital pool is modest, it is able to provide excellent diversification as well as a reinsurance panel. Its liquidity profile has been a strong. The company reported an average five-year combined ratio of 92% from 2017 to 2021. It is anticipated that the company will deliver strong results during the beginning of this year, and in 2022. For the past five years the underwriting results was inconsistent. The company has made corrective measures to reverse the company’s subwriting trends.

The credit profile of GE is impacted by deterioration in credit

GE has an international presence and generates solid margins in certain key areas. However, its profit margins are lower than those of competitors due to challenging industry situations in its Power and Renewable Energy businesses. But, it has established market share and can help alleviate some of the current issues in these industries.

The long-term IDR rating of BBB+ pertains to issuer default ratings (IDR). However, despite having a higher leverage than other similarly-rated lending and stand-alone finance firms but it also has good financing options as well as an existing air leasing franchise. It has access to GE Industrial facilities through intercompany loans.

The company’s long-term debt comprises 15 billion in senior secured notes, 10 billion dollars of factored receivables, and the amount of $12 billion intercompany loan that are owed to GE Capital. Leverage for GE’s long-term debt is thought to be four times that of similarly rated finance firms. It is likely that the leverage will stay at the current levels for the foreseeable future. It is also subject to the risk of residual value in the case of leasing aircraft, as well as cyclicality risk.

Outlook

Established in 2001, International General Insurance Holdings Ltd (IGI) is an expert commercial reinsurer as well as a special insurance company with a vast range of commercial. Its primary business segments are including reinsurance, specialty insurers and financial institution. General third-party liability as well as casualty insurance are the company’s primary business divisions. Its offerings are varied both in terms of its products and markets, and its management team has a lengthy tradition of hiring top employees. The company’s liquidity is adequate and the balance sheet is strong.

IGI is a writer of a broad range of special insurance products that spans a range of sectors, including engineering, marine and aviation. It has been given provisional approval to write excess lines within the U.S. and will start creating surplus lines as of April 1, 2020. It also has opened Casablanca Finance City in Morocco as its representative. The firm has started to offer energy insurance. One of its global operations comprises a Dubai branch.

AM Best has assigned an A Financial Strength Rating to IGI. This rating indicates its stability outlook, solid capitalisation, as well as a prudent reserve policy. IGI is expected to deliver impressive underwriting performance over the coming months. The company’s well-diversified business profile and strong underwriting discipline have also been praised from AM Best.

General

Revitalize Your Bedford County Property with Wohlford Contracting

Published

14 hours ago

January 21, 2025

Revitalize Your Bedford County Property with Wohlford Contracting

Bedford County, Virginia, is a place of stunning landscapes, rich history, and a close-knit community. With its growing population and vibrant neighborhoods, it’s no surprise that many homeowners and business owners are looking for ways to enhance their properties. Whether you’re upgrading your kitchen, remodeling your office, or planning a custom addition, finding the right contractor is crucial to ensuring the success of your project.

That’s where Wohlford Contracting comes in. As a trusted contractor in Bedford County, Wohlford Contracting brings years of expertise and a passion for quality craftsmanship to every project. Their services range from residential remodeling to commercial construction, ensuring they can meet the diverse needs of their clients. What sets them apart is their commitment to personalized service, their deep understanding of Bedford County’s unique character and style, and their ability to transform any space into a functional and aesthetically pleasing environment. By working closely with clients, they ensure that every detail aligns with their vision and that the final outcome is nothing short of exceptional.

For homeowners, Wohlford Contracting offers services like kitchen and bathroom remodels, custom home additions, and outdoor living space designs. Imagine transforming your outdated kitchen into a modern, functional space perfect for entertaining or turning your backyard into an outdoor oasis with a custom deck or patio. They also specialize in creating spa-like bathrooms that combine luxury and comfort, making everyday routines a relaxing experience. Their expertise extends to creating custom additions that provide much-needed space while seamlessly blending with your existing home design. For business owners, Wohlford Contracting delivers professional commercial remodeling and construction services designed to create spaces that are not only visually appealing but also functional and efficient, ensuring your business stands out in a competitive market. These improvements not only enhance the functionality of the property but also contribute to its long-term value.

Wohlford Contracting’s dedication to customer satisfaction and transparent communication ensures a smooth and stress-free experience. They take the time to understand your goals, provide expert recommendations, and keep you informed every step of the way. Their comprehensive approach includes design consultations, detailed project planning, and timely execution, so you never have to worry about unexpected delays or costs. Whether you’re tackling a small renovation or a large-scale construction project, Wohlford Contracting is your go-to contractor in Bedford County. Their attention to detail and commitment to excellence mean that every project is completed to the highest standard, leaving you with a space that truly reflects your needs and aspirations.

Ready to bring your vision to life? Visit Wohlford Contracting’s website to learn more about their services, view their portfolio, and schedule a free consultation. With Wohlford Contracting, your dream project is just a call away. Their team of skilled professionals is eager to help you create a space that reflects your style, meets your needs, and exceeds your expectations. Whether it’s a home renovation or a commercial upgrade, Wohlford Contracting is ready to turn your ideas into reality with precision, quality, and care.

General

Building the Future in Floyd, Virginia with Wohlford Contracting

Published

4 weeks ago

December 24, 2024

Floyd, Virginia, is more than just a picturesque town nestled in the Blue Ridge Mountains; it’s a community rich in tradition, culture, and a deep connection to the land. Whether it’s preserving the charm of historical homes, constructing modern commercial spaces, or building family residences that stand the test of time, construction in Floyd requires a blend of skill, creativity, and a true understanding of the area’s character. That’s where Wohlford Contracting steps in as a leader in local construction services.

With years of experience serving Floyd and the surrounding areas, Wohlford Contracting has built a reputation for reliability, quality craftsmanship, and personalized service. They understand that every project is unique—much like the clients they serve. This understanding forms the foundation of their approach, ensuring that each project not only meets but exceeds expectations.

Personalized Service for Every Project

At Wohlford Contracting, every project starts with listening. The team takes the time to understand the client’s vision, goals, and budget before designing a tailored plan that aligns with those needs. Whether you’re dreaming of a cozy mountain retreat, renovating a historic property, or expanding a commercial facility, Wohlford’s experts guide you through every step of the process. From the initial consultation to the final walkthrough, their focus remains on delivering a seamless experience and a finished product that you’ll be proud of for years to come.

Expertise in a Wide Range of Construction Services

Wohlford Contracting’s portfolio showcases their versatility and expertise across various construction types. Their services include:

Residential Construction: Building custom homes and renovations designed for comfort, functionality, and aesthetic appeal.
Commercial Projects: Crafting professional spaces that meet the needs of businesses while reflecting their brand identity.
Specialty Builds: Tackling unique projects that require innovative solutions and technical skill.

No matter the size or complexity of the project, Wohlford Contracting applies the same level of dedication and attention to detail.

Commitment to Quality and Sustainability

In today’s world, construction isn’t just about creating beautiful structures—it’s also about building responsibly. Wohlford Contracting integrates sustainable practices into their work, from selecting eco-friendly materials to minimizing waste and energy consumption. They are committed to helping Floyd, Virginia, grow without compromising the natural beauty that makes the area so special.

Additionally, their team is well-versed in maintaining the architectural integrity of historic buildings. In a town like Floyd, where preserving the past is just as important as planning for the future, this expertise is invaluable. Wohlford Contracting’s work on historic renovations combines traditional craftsmanship with modern techniques to ensure these landmarks endure for generations.

Why Choose Wohlford Contracting?

Choosing a construction partner is a significant decision, and Wohlford Contracting understands the trust their clients place in them. With a proven track record of delivering projects on time and within budget, they’ve earned the loyalty of countless homeowners and business owners throughout Floyd. Their team’s professionalism, transparent communication, and commitment to quality set them apart in the local construction industry.

Start Your Project Today

If you’re ready to begin your next construction project in Floyd, Virginia, Wohlford Contracting is here to help. Visit their website to explore their services, view their portfolio, and schedule a consultation. Whether you’re envisioning a dream home, renovating a cherished property, or expanding your business, Wohlford Contracting brings the expertise and passion needed to bring your vision to life.

With Wohlford Contracting, you’re not just building a structure—you’re building a future. Trust the team that understands Floyd, Virginia, and its unique spirit. Let Wohlford Contracting turn your dreams into reality.

General

Simplified, Affordable, and Designed for Your Success: A Game-Changer for Business Owners

Published

2 months ago

November 19, 2024

Navigating the complexities of business ownership is tough enough without worrying about overwhelming pricing models or steep upfront investments. Thankfully, Cash Flow Mike has done something remarkable — he’s listened, streamlined, and delivered a solution that’s built for success.

If you’ve ever felt like managing your cash flow was more daunting than it needed to be, this is the moment you’ve been waiting for. With simplified, affordable, and success-driven pricing options, there’s no better time to level up your financial game.

Why Simplicity Matters

In a world where business solutions often come with strings attached, clarity is refreshing. Cash Flow Mike’s revamped membership packages are all about cutting through the noise. Whether you’re a startup entrepreneur trying to make sense of your numbers or a seasoned pro looking to optimize, these packages meet you where you are and help you get where you’re going.

Forget the days of confusing pricing tiers and high upfront costs. Cash Flow Mike’s new approach is:

Simple: Clear and easy-to-understand options.
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A Win for Loyal Clients

If you’ve already partnered with Cash Flow Mike, there’s even more good news: your pricing is locked in for life. That’s right, no changes, no increases, and no surprises.

This loyalty reward speaks volumes about the kind of business Cash Flow Mike runs. It’s not just about selling a product or service; it’s about building lasting relationships and creating value for clients who’ve supported the mission from day one.

Why This Matters for Your Business

Cash flow isn’t just a buzzword; it’s the lifeline of your business. Mismanaging it can lead to sleepless nights, tough decisions, and ultimately, business failure. Cash Flow Mike’s new pricing model breaks down barriers, making financial mastery accessible to everyone.

With affordable, flexible options, you’ll gain the tools and insights needed to stay ahead, no matter what challenges come your way. It’s about empowering you to succeed — not just survive.

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Whether you’re a first-time client or a long-time supporter, this is your chance to embrace a simplified path to success. Cash Flow Mike is redefining how businesses approach their financial health — and your journey starts with one click.

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