The board of directors of International General Insurance Holdings Ltd. announced that effective July 1, 2023, founder and current Chairman and Chief Executive Officer Wasef Jabsheh will become Executive Chairman, while current President Waleed Jabsheh will assume the role of Chief Executive Officer, implementing the succession plan that was put in place in 2020 when IGI became a public company. As Executive Chairman, Wasef Jabsheh will continue to be engaged in overseeing the strategic direction of IGI. Waleed Jabsheh, who joined IGI in 2002 shortly after inception and who has served as President since 2011, will take on expanded responsibilities beyond the insurance and reinsurance business, to include all aspects of the holding company activities.

The Board noted that Waleed Jabsheh has exhibited exceptional leadership during a period of significant growth and transition for IGI and that in recent years, the company has delivered some of the best financial results in its history.