IGI unveils new majority-independent board ahead of Tiberius deal

Specialist commercial re/insurer International General Insurance Holdings (IGI) has appointed a new board of directors that will hold office after the company's business combination with Tiberius Acquisition Corp.

IGI announced in October 2019 that it is acquiring Tiberius, a publicly traded special purpose acquisition company, that will result in the public listing of IGI on the Nasdaq Capital Market.

Following the closing of the transaction, the board of IGI’s new Bermuda-based parent company will consist of seven members, four of whom will be independent directors.

The new board will have two IGI executive officers - CEO and founder Wasef Jabsheh, who will serve as chairman of the board, and IGI president Waleed Jabsheh.

The company's majority-independent board will include four independent directors, including David Anthony, David King, Michael Gray, and Wanda Mwaura. In addition, Tiberius chief investment officer Andrew Poole will serve as a director.

Anthony has been on the current IGI board since 2018, and is an independent insurance consultant, and former director and senior ratings analyst of S&P Global Ratings as well as former chairman of its insurance ratings committee.

King has served on the current IGI board since 2014, and is currently the chairman of its audit and risk committee. He also serves on the board of IGI’s UK subsidiary and is currently non-executive chairman of its board. In addition, he serves as chairman of the board of directors of Forex Capital Markets. He formerly held senior positions in China Construction Bank International, The London Metal Exchange, and the Dubai regulatory agency Dubai Financial Services Authority (DFSA);

Gray is the CEO of Tiberius, and CEO of The Gray Insurance Company, chairman of the Louisiana Insurance Guaranty Association, and Director of both American Insurance Association and the Property Casualty Insurers Association of America.

Mwaura most recently served as chief accounting officer and head of external reporting at PartnerRe.