News
July 13, 2023
Victor appoints Ashleigh Cashman President of ICAT
Victor, the leading global managing general underwriter, today announced the appointment of Ashleigh Cashman as President of International Catastrophe Insurance Managers LLC (ICAT), its US property catastrophe managing general agency. In this role, which is effective today, Ms. Cashman will be responsible for the overall growth, innovation, and talent development for ICAT and its Boulder Claims subsidiary. She will continue to be based in Broomfield, Colorado and report to Brian Hanuschak, CEO of Victor. Read...
June 23, 2023
Victor Launches Third-Party Capitalized Reciprocal Insurance Exchange
We’re excited to announce the launch of a new reciprocal insurance company! Victor Insurance Exchange will deliver additional US property catastrophe capacity to existing and new ICAT policyholders. Read the full press release here.
November 03, 2020
ICAT and Victor launch new insurance product for vacant buildings
ICAT, a highly specialized, digital-based underwriter and producer of US catastrophe insurance, and a part of Victor, announced the launch of a new vacant buildings insurance solution for commercial property owners in 17 states. The new product was developed in direct response to the specialized needs of building owners during the current health and economic crisis and is available to agents through both ICAT and Victor in the US. Covering buildings left vacant for less than...
December 13, 2019
Victor launches Lloyd's Syndicate 2288
Victor Insurance Holdings, the world’s largest managing general underwriter (MGU), today announced approval from Lloyd’s, the specialist insurance market, to establish Victor Syndicate 2288 and commence underwriting effective January 1, 2020 with stamp capacity of £57m, supporting a business plan of $100m USD. Asta will be the managing agent for the new syndicate, providing underwriting oversight and operational support. Victor Syndicate 2288 will support Victor’s underwriting of property and casualty (P&C) business in the...
November 15, 2019
ICAT Launches New Digital Innovations to Enhance Engagement with Agents and Policyholders
Broomfield, CO | October 30, 2019 – ICAT, a highly specialized, digital-based underwriter and producer of U.S. catastrophe insurance and a Victor company, announced today new digital innovations for easier engagement with residential agents and policyholders in California and Hawaii. The newly enhanced ICAT Online platform migrates ICAT’s existing residential Hawaii hurricane and California earthquake insurance programs into one, streamlined platform, where agents can quickly obtain quotes, bind coverage, and generate policy documents. Integration with Google Maps...
May 02, 2019
ICAT Wins Top Workplace Honor Five Consecutive Years
Broomfield, CO (May 2, 2019)– ICAT, a highly specialized, digital-based underwriter of U.S. catastrophe insurance, has been named a Top Workplace in the Denver Metro area for the fifth consecutive year by The Denver Post. “We are grateful to find ourselves on this prestigious list five years in a row. This award confirms what I’ve always believed, that ICAT has built a strong, united team that delivers cutting-edge solutions to help insureds recover from natural...
May 23, 2018
Pete Opinante Receives IMUA Lifetime Achievement Award
Broomfield, CO (May 23, 2018)- ICAT Vice President of Commercial Underwriting, Pete Opinante, received the prestigious Inland Marine Underwriters Association (IMUA) Lifetime Achievement Award. Pete was recognized for his notable contributions to the IMUA underwriting community since 1994. Pete has played a crucial role in shaping the direction and growth of the association. Pete was selected to serve on the IMUA national board of directors in 1998, and in 2008, was elected as Vice Chair of the Board of...
May 01, 2018
ICAT Names Ashleigh Cashman Chief Underwriting Officer
Broomfield, CO (May 1, 2018)- ICAT is pleased to announce that Ashleigh Cashman has been named Chief Underwriting Officer. Ashleigh will lead the overall underwriting strategy and execution across ICAT’s portfolio of catastrophic property risk solutions in the United States. Ashleigh Cashman began her insurance career with ICAT in 2003, quickly moved into a product management role and in 2011 became the Regional Executive Officer for the Earthquake product. Since then she assumed primary responsibility for Middle...
April 20, 2018
ICAT Awarded Top Workplace in Denver for Fourth Consecutive Year
Broomfield, CO (April 20, 2018)– ICAT, a highly specialized and innovative provider of catastrophe insurance coverage, has been named one of the best places to work in the Denver Metro area. This award marks the fourth consecutive year ICAT has been recognized as a Top Workplace in The Denver Post. “The core of ICAT’s success has always been and always will continue to be the amazing people who drive our business forward,” said Gregory Butler, ICAT...
August 10, 2017
The Schinnerer Group Acquires Property Managing General Agent ICAT
CHEVY CHASE, MD, August 10, 2017 – The Schinnerer Group, a leading underwriting manager, today announced that it had entered into an agreement to acquire International Catastrophe Insurance Managers, LLC (ICAT), from the Paraline Group. ICAT is a managing general agent providing property catastrophe insurance to businesses and homeowners across the United States. Terms of the transaction were not disclosed. The acquisition is expected to close in the third quarter of 2017. With a focus on the sizable and...
July 07, 2017
ICAT Names Peter Opinante Vice President of Commercial Underwriting
Broomfield, Colorado (July 17, 2017) – ICAT is pleased to announce that it has named Peter Opinante as their Vice President of Commercial Underwriting. Opinante will have responsibility for technical underwriting, strategic product development and building external carrier relationships that supplement ICAT’s core offering. Pete is an accomplished industry executive who most recently served as the Vice President of Product Underwriting for Zurich North America, where he was accountable for the property line of business. Prior...
April 10, 2017
The Denver Post Named ICAT Top Workplace in Denver - Three Years in a Row
Broomfield, CO (April 10, 2017)– ICAT has been awarded the 2017 Top Workplaces honor in the Denver Metro area for the third year in a row. ICAT is a highly specialized and disciplined underwriter of residential and commercial properties in catastrophe-exposed regions of the United States. “We are extremely honored to find ourselves on the Top Workplaces list again this year,” said ICAT President Gregory Butler. “ICAT is an exciting, nurturing and collaborative environment. This award demonstrates our...
March 17, 2017
ICAT Syndicate 4242 Places its First Catastrophe Bond, Buffalo Re Ltd.
BROOMFIELD, Colo.—ICAT Syndicate 4242 of Lloyd’s of London has successfully sponsored its first catastrophe bond, Buffalo Re Ltd Series 2017-1. The cat bond placement supports indemnity reinsurance coverage from Buffalo Re Ltd. for named storms and earthquakes occurring in the U.S. The coverage is a part of Syndicate 4242’s overall cat reinsurance program that renews on April 1. With this cat bond issue, ICAT Syndicate 4242 is the first Lloyd’s syndicate since 2002 to act...
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...
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...
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 of Underwriting Operations...
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...
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. ...
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 managed...
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 instrumental...
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, “Since its inception Syndicate 4242 has...
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 feedback from...
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 transparency that...
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) for the 2015 underwriting...
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 and enables the company to...
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 a leading...
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...
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 critical objectives...
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. Additionally, Mr....
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, the District of Columbia, Puerto...
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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