International General Insurance Holdings Ltd. (IGIH) has announced today that it has finalised an agreement with Mr. Stephen L. Way through his company SLW International, LLC. to act as a consultant to the Board of Directors and executive management of IGIH.
The advisory services of Mr. Way will primarily be in business development, strategic planning, mergers and acquisitions, and other matters as required by the Board of IGIH.
Mr. Way is a well known and highly reputable international insurance executive. He was the founding Chairman and Chief Executive Officer of HCC Insurance Holdings Inc. During his time at HCC, assets grew to over $7.5 billion, shareholders equity to more than $2.0 billion and while maintaining AA and A+ ratings from Standard & Poor’s and A.M. Best respectively. Mr. Way retired from HCC earlier this year.
Commenting on this agreement Mr. Wasef Jabseh, Vice Chairman and Chief Executive Officer of IGIH said “I am extremely delighted that we have Mr. Way involved in our company as a consultant and I have no doubt that his great experience and extensive relationships will be of tremendous help to us going forward. In my personal opinion, Mr. Way has been one of the most successful insurance executives during the last two decades. He has a proven track record as demonstrated through his impressive achievements at HCC ”.
