September 09, 2016
Broomfield, CO: Insurance Insider announced yesterday the winners for its fifth annual Insider Honours; naming Megan McConnell, Active Underwriter for ICAT Syndicates 4242 and 6123, as the recipient of the prestigious Young Underwriter of the Year honor. The award recognizes McConnell’s performance in delivering strong 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. This recognition comes on the heels of McConnell also winning Reactions Magazine Young Underwriter of the Year award in June.
“Megan has been essential in building our London presence for both the syndicates and ICAT, and we couldn’t be more proud of her accomplishments,” said ICAT President Gregory Butler, “We look forward to seeing what 2017 brings.”
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 launched Special Purpose Syndicate (SPS) 6123 to facilitate ICAT’s ability to provide per-risk capacity up to $100M to wholesale partners.
About ICAT: 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 nine 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 usdf21v0780.mrshmc.com.