News July 2016

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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