Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017
The Schinnerer Group wins Icat sale process
- 10 August 2017
Marsh's The Schinnerer Group has agreed to buy US property cat specialist Icat from the Paraline Group.
The transaction, for undisclosed terms, relates to the Broomfield, Colorado-based managing general agency operation of Icat and its subsidiary, Boulder Claims.
It does not include the tenancy rights Paraline owns in Lloyd's Syndicate 4242, although in a statement Schinnerer said Icat would retain its "strong relationship" with the Lloyd's vehicle, its associated Special Purpose Arrangement 6123 and a number of other leading insurance...
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