New LaunchSep 1, 2026, 09:31 AM
IGI Launches Cipher, Specialty Cyber Reinsurance Platform
AI Summary
International General Insurance Holdings Ltd. (IGI) announced the launch of Cipher Underwriting Ltd. (Cipher), a new Bermuda-based specialty treaty reinsurance managing general agent (MGA). Cipher is established to provide dedicated cyber treaty underwriting expertise and solutions on a global basis, addressing the increasing demand for cyber risk coverage. IGI owns a 60% stake in Cipher, which will be led by reinsurance specialist Ari Chatterjee. The launch is a strategic move for IGI to expand its specialty reinsurance capabilities in growing markets, subject to regulatory approvals.
Key Highlights
- International General Insurance Holdings Ltd. (IGI) launched Cipher Underwriting Ltd. (Cipher), a specialty treaty reinsurance MGA.
- Cipher will focus on providing dedicated cyber treaty underwriting expertise and solutions globally.
- IGI owns a 60% interest in Cipher through its subsidiary IGI Managing Agencies Holdings Ltd.
- Cipher's operations are subject to regulatory approvals, including from the Bermuda Monetary Authority.
- Ari Chatterjee, with over 20 years of industry experience including a decade in cyber reinsurance, will lead Cipher.
Price Impact
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