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International General Insurance Holdings Ltd. announced the launch of Cipher Underwriting Ltd., a Bermuda-based…
IGICInternational General Insurance Holdings Ltd.
International General Insurance Holdings Ltd. announced the launch of Cipher Underwriting Ltd., a Bermuda-based specialty treaty reinsurance platform focused on cyber risk. IGI holds a 60% interest in Cipher through its subsidiary, IGI Managing Agencies. The new managing general agent is led by Ari Chatterjee and aims to provide dedicated cyber treaty underwriting expertise globally. Operations are subject to regulatory approvals from the Bermuda Monetary Authority. This initiative expands IGI's specialty reinsurance capabilities into high-growth emerging risks using an AI-integrated platform. International General Insurance Holdings Ltd. operates in the international specialty insurance and reinsurance industry, underwriting diverse commercial risk portfolios.