<SEC-DOCUMENT>0001213900-24-081329.txt : 20250114
<SEC-HEADER>0001213900-24-081329.hdr.sgml : 20250114
<ACCEPTANCE-DATETIME>20240924124629
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001213900-24-081329
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240924

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			International General Insurance Holdings Ltd.
		CENTRAL INDEX KEY:			0001794338
		STANDARD INDUSTRIAL CLASSIFICATION:	INSURANCE CARRIERS, NEC [6399]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		74 ABDEL HAMID SHARAF STREET
		STREET 2:		P.O. BOX 941428
		CITY:			AMMAN
		STATE:			M2
		ZIP:			11194
		BUSINESS PHONE:		962 6 562 2009

	MAIL ADDRESS:	
		STREET 1:		74 ABDEL HAMID SHARAF STREET
		STREET 2:		P.O. BOX 941428
		CITY:			AMMAN
		STATE:			M2
		ZIP:			11194
</SEC-HEADER>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>International General Insurance Holdings Ltd.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">74 Abdel Hamid Sharaf Street, P.O. Box 941428</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Amman 11194, Jordan</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">September 24, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>VIA EDGAR </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Securities &amp; Exchange Commission<BR>
Division of Corporation Finance<BR>
Office of Finance<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Attn: Michael Volley and Amit Pande</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Re: </B></FONT></TD>
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">International General Insurance Holdings Ltd.<BR>
Form 20-F for Fiscal Year Ended December 31, 2023<BR>
File No. 001-39255</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Mr. Volley and Mr. Pande:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">On behalf of International
General Insurance Holdings Ltd. (the &ldquo;<B>Company</B>&rdquo;), we are responding to the comment letter received from the staff (the
&ldquo;<B>Staff</B>&rdquo;) of the U.S. Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;), dated September 17,
2024 (the &ldquo;<B>Comment Letter</B>&rdquo;), regarding the Company&rsquo;s Form 20-F for fiscal year ended December 31, 2023 which
was filed with the Commission on April 8, 2024 (the &ldquo;<B>20-F</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Set forth below are the Company&rsquo;s
responses to the Staff&rsquo;s comments in the Comment Letter. For reference purposes, the Staff&rsquo;s comments are reproduced in bold
below, followed by the Company&rsquo;s response to the comment. The numbered paragraphs below correspond to the numbered comments in the
Comment Letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Form 20-F for Fiscal Year Ended December
31, 2023</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Non-GAAP Financial Measures, page 97</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1.</B></TD><TD STYLE="text-align: justify"><B>It appears that certain of your adjustments included in the non-GAAP reconciliation on page 98 are
presented net of tax. If so and if material, please revise future filings to present the adjustments on a gross basis and present the
tax impact in a separate line item with a clear explanation of how the amount was measured. Please refer to question 102.11 of the C&amp;DIs
on Non-GAAP Financial Measures for guidance.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Company response</U>: The reconciliation
between net income and core operating income for the year has been reported on a net-of-tax basis. Tax adjustments were applied to certain
line items arising from the company&rsquo;s subsidiaries that operate in taxable jurisdictions. The tax impact was calculated by applying
the prevailing corporate tax rate of each subsidiary to the gross value of the relevant reconciling items as recognized separately by
the subsidiaries on a standalone basis. The related tax impact for the year is immaterial on an individual and aggregate basis for the
year ended December 31, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company acknowledges the staff&rsquo;s
comment and confirms that, in future filings, it will separately disclose the tax impact adjustment to the GAAP based amount reported
on the face of the financial statements when deriving the non-GAAP tax adjusted amount in the reconciliation, and provide an explanation
of how the tax amount was calculated when such amount is material.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>B. Liquidity and Capital Resources, page 98</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2.</B></TD><TD STYLE="text-align: justify"><B>If significant to an understanding of your liquidity, please revise future filings to clarify the amount
of cash, cash equivalents and short-term investments held by foreign subsidiaries. Please describe if you must distribute this cash to
the U.S. to pay dividends or to buy back your shares and discuss any other material plans to distribute cash to the U.S. Also quantify
the amount that you consider to be permanently reinvested and may not be available for distribution to the U.S. Lastly, please address
the potential tax implications of repatriation or any other material risks. Please provide us your proposed revised disclosure.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Company response</U>: In future filings,
we will include substantially the following disclosure in &ldquo;Liquidity and Capital Resources&rdquo; (adjusted with data for the applicable
year):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;As of December 31, 2023, our
cash and cash equivalents totaled $177.0 million with short-term investments amounting to $42.2 million, providing an available short-term
liquidity of $219.2 million. Our entire balance of cash and cash equivalents, as well as our short-term investments, were held by subsidiaries
outside the U.S., primarily in Bermuda, the United Kingdom, Malta and Malaysia. These funds are mainly utilized to support the on-going
liquidity needs of these subsidiaries outside the United States and, to some extent, to fund the Company&rsquo;s share repurchase program
in the U.S. and dividend distributions in and outside the U.S. by the Bermuda parent company. Since the SEC registrant, which is the parent
holding company, is incorporated in Bermuda, and all of its subsidiaries are organized and based outside the U.S., the Company has no
need or plans to repatriate cash to the United States. The Company is indefinitely reinvesting its funds held in foreign jurisdictions
outside of the U.S. While the Company has no subsidiaries in the United States and no plans to repatriate funds to the U.S., if any of
its funds are ever in the future repatriated to the U.S., or used for U.S. operations, certain amounts could be subject to tax. Due to
the uncertainty regarding the timing and circumstances of repatriation of any such earnings, if any, it is not practicable at this time
to quantify the amount of tax that would be payable in connection with such repatriation.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Note 2. Summary of Significant Accounting Policies
- (k) Deferred policy acquisition costs, page F-13</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3.</B></TD><TD STYLE="text-align: justify"><B>We note your disclosure that you do not capitalize salaries, benefits and other internal underwriting
costs. Please clarify for us if you capitalize the internal costs described in ASC 944-30-25-1A and, if so, please revise your disclosure
in future filings to clarify the internal costs you capitalize. If not, please tell us how you considered whether your policy is consistent
with the guidance.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Company response</U>: As disclosed
in Note 2, Summary of Significant Accounting Policies &ndash; (k) Deferred policy acquisition costs, the Company does not capitalize the
internal costs described in ASC 944-30-25-1A, including salaries, benefits, and other internal underwriting costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">When the Company first adopted US GAAP
effective January 1, 2023, it considered the guidance set forth in ASC 944-30-25-1A, particularly item (d), which provides that: <I>&ldquo;If
the application of the guidance in this paragraph results in the capitalization of acquisition costs that had not previously been capitalized
by the insurance entity before fiscal years beginning after December 15, 2011, the insurance entity may elect to not capitalize those
types of costs. This election shall be made before fiscal years beginning after December 15, 2011.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In accordance with this provision, the
Company conducted a review of its historical accounting practices and determined that it had not previously capitalized the acquisition
costs in question (such as salaries, benefits, and internal underwriting costs) prior to fiscal years beginning after December 15, 2011.
Consequently, the Company made a one-time accounting policy election, as permitted by the guidance, to continue its existing practice
of not capitalizing those types of internal costs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Based on this, the Company believes
that its current accounting policy is consistent with the guidance outlined in ASC 944-30-25-1A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Note 14. Taxation, page F-40</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>4.</B></TD><TD STYLE="text-align: justify"><B>Please tell us and revise future filings here or in MD&amp;A to discuss the tax structures and strategies
that have resulted in a large portion of your taxable income being allocated to Bermuda with a 0% tax rate while most of your premiums
are related to insured risks outside of Bermuda as disclosed on page F-52.</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Company response</U>: In response
to the staff&rsquo;s comment, we will revise future filings to provide further disclosures regarding the Company&rsquo;s tax structure
and strategies, particularly with respect to the allocation of taxable income to jurisdictions like Bermuda with lower or zero tax rates,
in contrast to the location of insured risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>We plan to make substantially the
following disclosure in the MD&amp;A in our future filings of Form 20-F:</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company and its Bermuda subsidiary,
International General Insurance Co Ltd. (IGI Bermuda), are not currently subject to any income or capital gains tax in Bermuda.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">IGI Bermuda is the Company&rsquo;s primary
underwriting subsidiary and is a Class 3B licensed insurance and reinsurance company regulated by the Bermuda Monetary Authority. As such,
a substantial portion of the Company&rsquo;s gross and net premiums are currently written and earned by IGI Bermuda in Bermuda, where
corporate income tax is not currently applicable. IGI Bermuda&rsquo;s pre-tax income primarily consists of premiums written and earned,
net claims and claim expenses incurred, operating expenses incurred, and net realized and unrealized gains(losses) on investments. Given
this, a large portion of the Company&rsquo;s pre-tax income is derived from IGI Bermuda.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company also has operations in other
jurisdictions where it is subject to income taxes imposed by the respective authorities and is summarized as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">IGI
                                            UK and North Star Underwriting Limited are subject to corporate taxation in accordance with
                                            the United Kingdom (UK) Tax Law. The UK corporation tax rate
                                             is currently 25%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">International
                                            General Insurance Company (Europe) SE (IGI Europe) is subject to the normal standard rate
                                            in Malta of 35%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">According
                                            to the Labuan Business Activity Tax Law, Labuan registered entities are subject to 3% tax
                                            on the audited net income.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">IGI
                                            Casablanca &mdash; Representative Office has no income sources. According to the Casablanca
                                            Finance City Tax Code, regional offices are taxed at a rate of 10%. The taxable base is 5%
                                            of the operating cost.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">IGI
                                            Underwriting is a tax-exempt company in Jordan and its main business activity is to act as
                                            an underwriting agent in respect of insurance and reinsurance business written outside Jordan.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">IGI
                                            Nordic is subject to the standard rate in Norway of 25%.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">International
                                            General Insurance Holdings Limited and International General Insurance Company (Dubai) Ltd.
                                            are not subject to income tax according to the tax law in UAE.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company&rsquo;s effective income
tax rate, calculated as income tax expense divided by net income before taxes, may fluctuate from period to period based on the geographic
distribution of pre-tax income across jurisdictions with different tax rates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We thank the Staff for its
review of the foregoing and the Company&rsquo;s Form 20-F. If you have further questions or comments, please feel free to contact me at
011 9626 566 2082 Ext. 403 or pervez.rizvi@iginsure.com or our counsel, Michael Levitt, at 212-277 4004 or michael.levitt@freshfields.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 40%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sincerely,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1.5pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Pervez Rizvi</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pervez Rizvi</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in; text-align: left">cc:</TD><TD STYLE="text-align: justify">Walid Jabsheh</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Rawan Alsulaiman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">International General Insurance
Holdings Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">4</P>

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