Deal Snapshot
UNDERWRITING MANAGER THE SCHINNERER GROUP TO ACQUIRE PROPERTY MANAGING GENERAL AGENT ICAT
Friday 11 August 2017

US-based underwriting manager The Schinnerer Group has entered into an agreement to acquire International Catastrophe Insurance Managers, LLC, from the Paraline Group, the company said. ICAT is a managing general agent providing property catastrophe insurance to businesses and homeowners across the United States.
With a focus on the sizable and fast-growing property catastrophe market in the US, ICAT complements Schinnerer's existing services and solutions for middle market, small commercial and residential clients, the company said.


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Details
Date Published: 11/08/2017
Target: International Catastrophe Insurance Managers
Country: USA
Sector: Insurance
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: Paraline Group
Buyer: The Schinnerer Group
Comment:
Terms of the deal were not disclosed

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