Tiberius completed the acquisition of IGI for $390m.

Tiberius Acquisition, a special purpose acquisition company, completed the acquisition of International General Insurance, an international specialist commercial insurer and reinsurer, for $390m. "The acquisition of IGI is perfectly aligned with our objectives. Since inception, IGI has had an enviable track record of growth in tangible book value per share through high-quality and low-volatility ROE, cycle management, its conservative reserving philosophy and a unique ability to benefit from changes in the property-casualty insurance cycle," Michael Gray and Andrew Poole, Tiberius Chairman & Chief Executive Officer and Chief Investment Officer.