December 13, 2013
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 rates in Florida, the Gulf and Eastern Seaboard. She was promoted to Underwriting Vice President in 2011 and was integral to the successful transfer of Syndicate 4242’s management to Asta Managing Agency in 2013.
Gregory Butler, ICAT President said: “Megan has been instrumental in the development of ICAT’s business and I am very pleased to announce her promotion to Active Underwriter of Syndicate 4242. Over the past seven years, ICAT has progressed from a newcomer to the Lloyd’s market to an established Syndicate and a recognised and respected underwriter of US catastrophe exposure. Megan has been a key part of our success to date and I am certain that Syndicate 4242 will continue to go from strength to strength under her leadership.”
For further information please contact: David Haggie / Brian Norris, Haggie Partners +44 20 7562 4444
ICAT, the principal underwriting subsidiary of Paraline Holdings, is an insurance underwriter which specialises in underwriting small and middle market commercial properties located in catastrophe-exposed regions of the United States. ICAT is an underwriter at Lloyd’s of London through ICAT Syndicate 4242, (rated “A” [Excellent] by A.M. Best Company and “A+” by Standard & Poor’s). ICAT also underwrites on behalf of other insurance companies and other Syndicates at Lloyd’s of London.