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Schinnerer acquires ICAT, boosts property catastrophe expertise

Schinnerer Group, the underwriting manager and managing general agent arm of insurance and reinsurance broking giant Marsh, is targeting the property catastrophe risks arena with the acquisition of catastrophe focused underwriting manager ICAT (International Catastrophe Insurance Managers LLC) from the Paraline Group.Schinnerer said that it has agreed the acquisition for read the full article →

ICAT launches special purpose syndicate, alternative capital features

ICAT, a provider of U.S. property insurance in catastrophe-exposed regions, has launched a new special purpose syndicate (SPS) at Lloyd's of London, capitalised by a range of backers, including alternative reinsurance capital.SPS 6123 has received ‘in principle’ approval from Lloyd's to further expand ICAT’s per risk capacity. Subject to completion read the full article →

Lloyd’s ICAT syndicate to look at reinsurance alternatives such as ILS and ILW

Lloyd's insurance market syndicate ICAT Syndicate 4242, who specialise in catastrophe lines of business in the U.S. including assisting some of the wind pools with cover, are said to be looking to the capital markets for alternative reinsurance sources according to the Insurance Insider. We've spoken with contacts in the read the full article →