Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 March 2018

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The Schinnerer Group to buy Icat

11 August 2017

US property cat company Icat is to be sold by the Paraline Group to Marsh's The Schinnerer Group for an undisclosed sum.

The transaction relates to the 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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