Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

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The Schinnerer Group wins Icat sale process

  • David Bull 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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