Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
May 25 2021 - 9:01AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For
the month of May 2021
Commission
File Number: 001-39255
International
General Insurance Holdings Ltd.
(Translation
of Registrant’s name into English)
74 Abdel
Hamid Sharaf Street, P.O. Box 941428, Amman 11194, Jordan
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate
by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. ☐
International
General Insurance Holdings Ltd. (“IGI”) has previously disclosed that it was engaged in an arbitration proceeding with
certain reinsurers represented by an underwriting agent with respect to certain matters related to IGI’s outward reinsurance
programme for the years 2012 to 2017. Prior to the start of the final hearing in the arbitration, the matters in the arbitration
were resolved (and the arbitration discontinued) between IGI and the reinsurers on terms which are confidential. However, the
outward reinsurance policies which were the subject of the arbitration remain in full force and effect and IGI believes that the
settlement will have no material impact on IGI’s business, results of operations or financial condition.
About
IGI:
IGI
is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established
in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals,
marine cargo, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity,
D&O, surety, marine trades, marine liability, contingency, and reinsurance treaty business. Registered in Bermuda, with operations
in Bermuda, London, Dubai, Amman, Labuan and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers. IGI
is rated “A” (Excellent)/Stable by AM Best and “A-”/Stable by S&P Global Ratings. For more information about
IGI, please visit www.iginsure.com.
Forward-Looking
Statements:
This
announcement contains “forward-looking statements” within the meaning of the “safe harbour” provisions of the
Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from
its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,”
“intend,” “plan,” “may,” “will,” “could,” “should,” “believes,”
“predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking
statements. Forward-looking statements contained in this press release may include, but are not limited to, information regarding the
impact of the settlement on our business, results of operations and financial condition. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are
outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to:
(1) changes in demand for IGI’s services together with the possibility that IGI may be adversely affected by other economic, business,
and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth
profitably and IGI’s ability to retain its key employees; (3) changes in applicable laws or regulations; (4) the outcome of any
legal proceedings that may be instituted against the Company; (5) the potential effects of the COVID-19 pandemic; (6) the inability to
maintain the listing of the Company’s common shares or warrants on Nasdaq; and (7) other risks and uncertainties indicated in IGI’s
annual report on Form 20-F for the year ended December 31, 2020, including those under “Risk Factors” therein, and in the
Company’s other filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are
inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to
significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict
and many of which are beyond the control of IGI. There can be no assurance that IGI’s financial condition or results of operations
will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking
statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions,
or circumstances on which any such statement is based.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
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INTERNATIONAL
GENERAL INSURANCE HOLDINGS LTD.
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Date:
May 25, 2021
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By:
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/s/
Pervez Rizvi
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Name:
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Pervez
Rizvi
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Title:
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Chief
Financial Officer
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2
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