News

February 16, 2017

ICAT Partners with Silverline and Goes Live with Salesforce CRM Solution

Broomfield, CO: This week, ICAT streamlined business processes and increased visibility into customer needs by deploying the Salesforce Customer Relationship Management (CRM) solution with the expertise of Silverline, a Salesforce Platinum Cloud Alliance Partner. The customized Salesforce interface will allow ICAT to consistently deliver high levels of service and more tailored solutions to customers. ICAT has continued to identify and provide ways to better serve their broker and agent partners while delivering on their brand...

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January 05, 2017

ICAT Syndicate 4242 Partners with Neon to Underwrite Large U.S. Property Accounts

Broomfield, CO and Hamilton, Bermuda: ICAT Syndicate 4242 at Lloyd’s, a leading U.S. catastrophe-exposed property underwriter, and Neon, a specialist Lloyd’s underwriter, have partnered in a reciprocal capacity arrangement to bring additional per risk capacity to the Bermuda Property D&F market. This strategic partnership leverages the highly specialized and disciplined underwriting talent of both insurers and allows both underwriters to share a portion of one another’s portfolios. This arrangement now...

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October 27, 2016

ICAT Automates Loss Control with Risk Control Technologies

(October 27, 2016 – Toronto, ON) Risk Control Technologies Inc., the industry-leading provider of loss control software solutions for the insurance industry, today announced ICAT has successfully deployed its loss control management system to streamline loss control and field inspection operations. Headquartered in Broomfield, Colorado, ICAT is a highly specialized and disciplined underwriter of catastrophe insurance risk. “Our loss control program is a fundamental aspect of our underwriting philosophy and process,” said Carie Ferdani, VP...

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September 09, 2016

Megan McConnell Received Young Underwriter of the Year Award

Broomfield, CO: Insurance Insider announced yesterday the winners for its fifth annual Insider Honours; naming Megan McConnell, Active Underwriter for ICAT Syndicates 4242 and 6123, as the recipient of the prestigious Young Underwriter of the Year honor. The award recognizes McConnell’s performance in delivering strong Syndicate results, highlighted by 25% year-over-year premium growth and a combined ratio of 71% in 2015, among the best in the Lloyd’s market. This recognition comes on the heels of McConnell also winning...

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July 25, 2016

ICAT Partners with Neon to Provide Additional Catastrophe Capacity

Broomfield, CO: ICAT has teamed up with Neon, the specialist Lloyd’s insurer, to provide an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the United States. The partnership expands ICAT’s per-risk catastrophe capacity up to $150 million. ICAT’s partnership with Neon, along with ICAT’s comprehensive coverage, best-in-class service, industry-leading expertise and innovative product solutions, demonstrates ICAT’s commitment to continual service and product enhancements for their agents, brokers and insureds. ...

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July 14, 2016

U.S. Property Catastrophe Insurance Provider ICAT Goes Live with OneShield Software

Marlborough, MA — July 14th, 2016; ICAT of Broomfield, CO, has automated and streamlined manual processes using OneShield Enterprise, a fully integrated, secure and configurable end-to-end policy administration solution. ICAT clears 40,000+ catastrophe insurance submissions each year and runs a good majority of these submissions through per account cat risk modeling and underwriting reviews. ICAT produces thousands of middle market quotes each year alongside managing a large renewal book. Until now, the majority of this work was...

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June 23, 2016

Megan McConnell Named Young Underwriter of the Year

Broomfield, CO: Reactions Magazine announced yesterday its winners for the London Market Awards; honoring Megan McConnell, Active Underwriter for ICAT Syndicates 4242 and 6123, as the recipient of the Young Underwriter of the Year award. The accolade is in recognition of McConnell’s performance in delivering Syndicate results, highlighted by 25% year-over-year premium growth and a combined ratio of 71% in 2015, among the best in the Lloyd’s market. “We are very proud of Megan. She has been...

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May 09, 2016

ICAT Announces 2015 Results for Syndicate 4242

Broomfield, CO (09 May, 2016) – ICAT, a leading provider of property insurance to businesses and homeowners in catastrophe-exposed regions of the United States, is pleased to announce the results for its Syndicate 4242, managed by Asta Managing Agency Ltd, for the year ended 31 December 2015. Financial highlights 2015: • Profits before tax of $29.6 million ($32.5million in 2014) • Gross written premiums of $169.4 million ($135.2 million in 2014) • Combined ratio of 70.8% (64.4% in 2014) • Net loss ratio 17.8% (12.1% n 2014) Gregory Butler, ICAT President said,...

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April 11, 2016

ICAT Named Top Workplace in Denver Metro - Two Years in a Row

Broomfield, CO (April 11, 2016) – ICAT has been selected as a Top Workplace in the Denver Metro area for the second year in a row.  ICAT ranked fifth among mid-size companies that were considered and received special recognition for the company’s open communication and transparency.  ICAT is a leading provider of property insurance to businesses and homeowners in catastrophe-exposed regions of the United States. “The fact that this recognition is based 100% on...

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April 13, 2015

ICAT Named One of Top 100 Workplaces in Denver Metro Area

Broomfield, CO (April 13, 2015) – ICAT, a leading provider of property insurance to businesses and homeowners in catastrophe-exposed regions of the United States, is pleased to announce that it has been selected as a Top Workplace in the Denver Metro area. ICAT ranked 9th among 71 mid-size companies that were considered for the recognition. “I am very pleased our employees view ICAT as an outstanding place to work. We have a culture of teamwork, collaboration and...

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April 01, 2015

ICAT Launches Special Purpose Syndicate 6123

Broomfield, CO (March 31, 2015) – ICAT, a leading provider of property insurance to businesses and homeowners in catastrophe-exposed regions of the United States, is pleased to announce Lloyd’s has granted in ‘principle’ approval of a Special Purpose Syndicate (SPS) to further expand ICAT’s per risk capacity. Subject to completion of the application, the SPS is planned to go live on May 1, with a capacity of £8M (~$17M USD of gross written premium)...

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November 03, 2014

ICAT Expands, Relocates Company Headquarters to Larger Office Space

BOULDER, CO – (November 3, 2014) – ICAT is pleased to announce a relocation of its corporate office from Boulder, Colorado, to Broomfield, Colorado later this month. Boulder Claims, a subsidiary of ICAT, also will be moving to the new office. “ICAT has continued to post double-digit growth over the past few years and has simply run out of space,” said Gregory Butler, President of ICAT. “Our new location positions ICAT for future expansion...

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February 05, 2014

ICAT and Ariel Announce Partnership to Deliver Catastrophe Capacity to the U.S. SME Market

BOULDER, CO – (February 5, 2014) –ICAT has teamed up with Ariel Syndicate 1910 to deliver additional risk capacity to catastrophe-exposed small and medium sized businesses in the U.S. The partnership is expected to generate first year premium income of $15 million. This partnership brings together two highly specialized underwriting organizations focused on intelligently managing risk. Through Ariel Syndicate 1910, Ariel underwrites a global portfolio of insurance and reinsurance business through offices in London and Bermuda and is...

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December 13, 2013

Megan McConnell Appointed as Active Underwriter for ICAT Syndicate 4242

ICAT, a leading provider of property insurance to businesses and residences in hurricane and earthquake exposed regions of the United States, is pleased to announce the appointment of Megan McConnell as Active Underwriter for Syndicate 4242 at Lloyd’s. Megan, who had previously served as Underwriting Vice President for the syndicate, takes up her new position effective January 1, 2014 and will report to ICAT President Gregory Butler. Megan joined ICAT in 2005 as Product Manager, developing product and...

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July 17, 2012

ICAT Selects OneShield Dragon® For Policy Management Speed to Market and Flexibility Provide Leading Disaster Recovery Underwriters with Ability to Expand

Boulder, CO and Marlborough, MA — July 17, 2012 — ICAT, a leading provider of property insurance to businesses and residences in hurricane and earthquake exposed regions of the United States, and OneShield, Inc., a provider of flexible, enterprise-class and content-rich policy and billing core systems for property/casualty insurers, are pleased to announce that ICAT has chosen OneShield Dragon® as its policy management solution. Achieving process efficiencies, increasing productivity and providing superior service to producers are...

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May 10, 2011

Paraline Group, Ltd., a Bermuda-domiciled insurance and reinsurance company, today announced leadership transition

Hamilton, Bermuda — The Board of Directors of Paraline Group, Ltd. (“Paraline” or the “Group”), a Bermuda-domiciled insurance and reinsurance company, today announced that Jack Graham has set a date to leave his position as CEO of the Group and of ICAT Managers (“ICAT”), its underwriting subsidiary. Mr. Graham will continue on the Board of Directors of the Group and will remain actively involved in developing Paraline’s portfolio of insurance and reinsurance businesses....

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February 05, 2009

North American Capacity Insurance Company and ICAT Team Up to Provide Additional Per Risk Cat Capacity to the E&S Market

BOULDER, CO – North American Capacity Insurance Company (“NAC”), a member company of the Swiss Re Group, has teamed up with International Catastrophe Insurance Managers, LLC (“ICAT Managers”), a subsidiary of ICAT Holdings, LLC and the Underwriting Division of ICAT Syndicate at Lloyds of London 4242 (“ICAT Syndicate 4242”), to provide additional per risk cat capacity to the E&S market. NAC is a surplus lines carrier authorized to write in 49 states,...

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November 30, 2006

ICAT Establishes Syndicate at Lloyd's of London

Boulder, CO - ICAT Holdings LLC (ICAT) announced today the creation of a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support the company’s underwriting of catastrophe-exposed properties throughout the United States. ICM Syndicate 4242 will commence underwriting business on January 1, 2007 and joins the more than 300-year-old market’s existing community of 66 syndicates. “This is an exciting day for ICAT. Lloyd’s is an exceptional underwriting community that is one...

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