June 23, 2016
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 in driving our London business and fostering strong relationships for the Syndicates and ICAT,” said ICAT President Gregory Butler, “This is a very big and well-deserved honor.”
Megan began her insurance career with ICAT in 2005, and was appointed Active Underwriter for ICAT Syndicate 4242 in 2013, making her the youngest Active Underwriter in Lloyd’s and the youngest female Active Underwriter in the market’s history.
In 2015 under McConnell’s leadership ICAT Special Purpose Syndicate (SPS) 6123 was launched, facilitating ICAT’s ability to provide per-risk capacity up to $100M to wholesale partners.
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 seven 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 12,000 catastrophe claims since its founding in 2005, including those from Hurricanes Charley, Frances, Katrina, Dolly, Ike, Isaac, and Sandy. For more information, visit icat.com.
Director of Marketing