International General Insurance Holdings (IGI), a leading specialty risks commercial insurer and reinsurer, has announced a leadership transition. The company’s founder and current CEO, Wasef Jabsheh, will step down, and Waleed Jabsheh, the current president, will succeed him as the new Chief Executive Officer, effective July 1.
IGI, registered in Bermuda, operates in various locations worldwide, including London, Malta, Dubai, Amman, Oslo, Kuala Lumpur, and Casablanca. It was founded in 2002, and since then, it has been underwriting a diverse portfolio of specialty lines in the insurance and reinsurance business.
As the CEO, Waleed Jabsheh will assume expanded responsibilities, overseeing not only the insurance and reinsurance sectors but also all aspects of the holding company activities. Waleed has been with IGI since its inception and has served as the President since 2011. During his tenure, he has demonstrated exceptional leadership skills, contributing to significant growth and successful transitions within the company.
Wasef Jabsheh, the founder of IGI, will continue to play a vital role in shaping the strategic direction of the company as the Executive Chairman. The board of IGI commended Waleed Jabsheh’s leadership qualities and his instrumental role in delivering excellent financial results, acknowledging his contribution to the company’s achievements.
This leadership transition aligns with the succession plan established by the board several years ago. Both Wasef and Waleed Jabsheh expressed their commitment to maintaining IGI’s dedication to excellence, delivering long-term value to shareholders, and upholding the company’s strong culture. They look forward to working together to ensure a seamless transition and further build upon the foundation established over the past two decades.
IGI’s board, along with Wasef and Waleed Jabsheh, expressed confidence in the talent and performance-driven culture within the IGI group. They are determined to continue providing robust stewardship to the company and capitalize on the opportunities for profitable growth and expansion.
The announcement of Waleed Jabsheh’s appointment as CEO marks a significant milestone for IGI, as it prepares for a new chapter under his leadership while staying true to the vision and principles set by its founder, Wasef Jabsheh.