News May 2016

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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