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Basis of Preparation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure of basis of preparation of financial statements [text block] [Abstract]  
Schedule of subsidiaries
 

Country of incorporation

 

Activity

 

Ownership

           

2021

 

2020

International General Insurance Holdings Limited

 

United Arab Emirates

 

Reinsurance and insurance

 

100

%

 

100

%

Tiberius Acquisition Corporation

 

United States of America

 

Special purpose acquisition company

 

100

%

 

100

%

             

 

   

 

The following entities are wholly owned by the subsidiary International General Insurance Holdings Limited:

 

             

 

   

 

I.G.I Underwriting/Jordan “Exempted”

 

Jordan

 

Underwriting agency

 

100

%

 

100

%

North Star Underwriting Limited

 

United Kingdom

 

Underwriting agency

 

100

%

 

100

%

International General Insurance Co. Ltd.

 

Bermuda

 

Reinsurance and insurance

 

100

%

 

100

%

             

 

   

 

The following entities are wholly owned subsidiaries and branches by International General Insurance Co. Ltd.:

 

             

 

   

 

Subsidiaries:

           

 

   

 

International General Insurance Company (UK) Limited

 

United Kingdom

 

Reinsurance and insurance

 

100

%

 

100

%

International General Insurance Company (Dubai) Ltd.

 

United Arab Emirates

 

Insurance intermediation and insurance management

 

100

%

 

100

%

International General Insurance Company (Europe) SE*

 

Malta

 

Reinsurance and insurance

 

100

%

 

 

Specialty Malls Investment Company

 

Jordan

 

Real estate properties development and lease

 

100

%

 

100

%

IGI Services Ltd

 

Cayman Islands

 

Owning and chartering aircraft

 

100

%

 

100

%

Branches:

           

 

   

 

International General Insurance Company Ltd. – Labuan Branch

 

Malaysia

 

Reinsurance and insurance

 

100

%

 

100

%

Schedule of estimated useful lives of the right of use assets
 

Years

Office buildings

 

20

Aircraft

 

12.5

Office furniture

 

5

Computers

 

3

Equipment

 

4

Leasehold improvements

 

5

Vehicles

 

5

Right-of-use assets

 

2 – 7