July 17, 2017
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 to joining Zurich, Pete was Senior Vice President with Swiss Re and was focused on managing the North American property portfolio including the natural catastrophe exposed complex accounts.
“ICAT is excited to have Pete’s technical experience and market knowledge to further enhance our presence in the catastrophe market. We look to have Pete help ICAT expand into more complex underwriting classes,” said Ashleigh Cashman, Senior Vice President at ICAT. “During his career, in addition to being an accomplished fire underwriter and portfolio manager, Pete developed in-depth individual account underwriting skills in all-natural catastrophe perils. We are pleased to leverage his background to further strengthen our underwriting teams in providing additional value to our customers.”
Opinante joined the company on July 5, 2017 and reports directly to Cashman. “I’m excited to join ICAT and work with a team committed to delivering cutting edge solutions to customers exposed to natural catastrophes,” said Opinante.
ICAT was founded in 1998 with the goal of helping homeowners and business owners in hurricane- and earthquake-prone regions of the United States recover from natural disasters. Business is produced in partnership with select retail agents and wholesale brokers.
ICAT is an underwriter at Lloyd’s of London through ICAT Syndicate 4242, rated “A” (Excellent) by A.M. Best Company and “A+” (Strong) by Standard & Poor’s. The ICAT Syndicate 4242 has been a top performer in the Lloyd’s market over its ten years of underwriting at Lloyd’s. The company also underwrites on behalf of other U.S.-based insurance companies and other syndicates at Lloyd’s of London. Boulder Claims, a subsidiary of ICAT, has successfully managed more than 23,000 catastrophe claims since its founding in 2005, including those from Hurricanes Charley, Frances, Katrina, Dolly, Ike, Isaac and Sandy. For more information, visit www.icat.com.
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