IGI signs Labuan chief executive

January 24 2019 by InsuranceAsia News Staff

Specialist commercial (re)insurer International General Insurance Holdings has appointed Nick Garrity to the role of chief executive of Labuan.

Garrity (pictured) will be based in the firm’s Kuala Lumpur office to help a planned Asia growth strategy, which will serve as the group’s hub, for expansion in the region.

His last role was at Swiss Re Corporate Solutions in Singapore, where he was head of sales, Asia Pacific. Prior to that, Garrity was strategic customer and broker relationship director at RSA, also in Singapore. He has also held chief executive and chief operating officer roles at Lockton Singapore.

“In [Garrity], IGI has identified a proven industry expert, who will be able to provide immediate strong leadership and strategic direction to the group’s plans for growth in Asia,” said Wasef Jabsheh, chief executive at IGI.

“In the reinsurance space we have grown organically by attracting top talent, and [Garrity’s] expertise in generating growth by creating and retaining high calibre teams in cross-cultural environments will be key to IGI further building scale in Asia.”

Garrity commented: “IGI has a clear vision for growth on an international scale and in Asia. I’m looking forward to working with an outstanding team and helping IGI expand its profile in Asia and enhance its global and entrepreneurial operation.”

Since the company’s inception in Amman, Jordan in 2001, IGI now writes specialist commercial insurance and reinsurance in over 200 countries. Registered in the Dubai International Financial Centre, IGI has offices in London, Amman, Bermuda, Casablanca, Dubai, Kuala Lumpur and London.

The company had assets of US$945 million under its control at the end of September 2018.