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Wednesday, September 2, 2026 · UTC
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IGI Launches Bermuda Cyber Reinsurance MGA Cipher

International General Insurance Holdings launches Cipher Underwriting, a Bermuda-based MGA specializing in cyber treaty reinsurance.

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As of 2026-09-02 18:18 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
International General Insurance Holdings Ltd. announced the launch of Cipher Underwriting Ltd, a Bermuda-based specialty treaty reinsurance managing general agent established to provide dedicated cyber treaty underwriting expertise. [1] Qapture Investments announced the integration of Hermetik Trading Technologies Inc.'s on-chain yield strategies and operational infrastructure, and the appointment of Hermetik founder Brendan MacNeil as Head of DeFi. [2] Qapture Investments, a Bermuda-based digital asset manager founded by Frederick Pye, announced the completion of its acquisition of Flammarion Partners Ltd., a British Virgin Islands Approved Manager, which has been renamed Qapture Investments (BVI) Ltd. [3] A spokesperson stated that the commencement of Cipher's operations remains subject to applicable regulatory approvals, including registration and licensing by the Bermuda Monetary Authority. [4] Cipher is led by reinsurance specialist Ari Chatterjee, who has more than 20 years of industry experience including over a decade of cyber reinsurance experience. [5] IGI owns a 60% interest in Cipher through its wholly owned subsidiary IGI Managing Agencies Holdings Ltd. [6] Qapture Investments said it intends to obtain an investment-business licence from the Bermuda Monetary Authority and establish a Bermuda-domiciled Segregated Accounts Company. [7] Qapture Investments stated that the BVI Approved Manager regime authorizes it to manage professional funds and discretionary managed accounts up to US$400 million in aggregate assets. [8]
What this stands on
  1. International General Insurance Holdings Ltd. announced the launch of Cipher Underwriting Ltd, a Bermuda-based specialty treaty reinsurance managing general agent established to provide dedicated cyber treaty underwriting expertise. · Bernews
  2. Qapture Investments announced the integration of Hermetik Trading Technologies Inc.'s on-chain yield strategies and operational infrastructure, and the appointment of Hermetik founder Brendan MacNeil as Head of DeFi. · Cision PR Newswire
  3. Qapture Investments, a Bermuda-based digital asset manager founded by Frederick Pye, announced the completion of its acquisition of Flammarion Partners Ltd., a British Virgin Islands Approved Manager, which has been renamed Qapture Investments (BVI) Ltd. · Cision PR Newswire
  4. A spokesperson stated that the commencement of Cipher's operations remains subject to applicable regulatory approvals, including registration and licensing by the Bermuda Monetary Authority. · Bernews
  5. Cipher is led by reinsurance specialist Ari Chatterjee, who has more than 20 years of industry experience including over a decade of cyber reinsurance experience. · Bernews
  6. IGI owns a 60% interest in Cipher through its wholly owned subsidiary IGI Managing Agencies Holdings Ltd. · Bernews
  7. Qapture Investments said it intends to obtain an investment-business licence from the Bermuda Monetary Authority and establish a Bermuda-domiciled Segregated Accounts Company. · Cision PR Newswire
  8. Qapture Investments stated that the BVI Approved Manager regime authorizes it to manage professional funds and discretionary managed accounts up to US$400 million in aggregate assets. · Cision PR Newswire
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