Our Structure

Paraline Group is an insurance holding company dedicated to the property catastrophe insurance business.

ICAT and Boulder Claims are members of the Paraline Group.

ICAT is a licensed managing general agency which was founded in 1998 to provide production, underwriting and risk-management services for insurance companies. ICAT currently provides these services for ICAT Lloyd’s Syndicate 4242, QBE Specialty Insurance Company, National Fire and Marine Insurance Company (a Berkshire Hathaway Insurance Group company), Centauri Specialty Insurance Company, North American Capacity Insurance Company and other syndicates at Lloyd’s of London.

Claims administration services are provided by Boulder Claims. Boulder Claims was founded in 2005 and in its short history has successfully adjusted and settled thousands of claims from the 2004, 2005 and 2008 storm seasons including claims from Hurricanes Charley, Frances, Ivan, Jeanne, Katrina, Rita, Wilma, Dolly, Gustav and Ike.

Paraline Group retains underwriting risk for policies issued by ICAT by providing underwriting capital, which supports ICAT Lloyd’s Syndicate 4242.

The business activities of the Paraline Group include:

  • ICAT, the managing general agency that underwrites on behalf of ICAT Syndicate 4242 (Lloyd’s of London) and other insurance companies. ICAT provides complete production, underwriting, policy administration and risk-management services to Syndicate 4242 and other insurers.
  • Lloyd’s of London Syndicate 4242, which underwrites ICAT’s core commercial business throughout the United States, often in partnership with other insurance companies. Syndicate 4242 carries an A.M. Best rating of “A” (Excellent), a Standard & Poors rating of “A+” (Strong) and “A+” (Strong) by Fitch Ratings.
  • Boulder Claims, which provides claims administration and settlement services to ICAT for all business underwritten by ICAT and the Mississippi Windstorm Underwriting Association.