ICAT was founded in 1998 to provide catastrophe insurance coverage to business owners throughout the United States. The scope of our business activities has broadened significantly but we remain committed to our original vision: We are a highly specialized and disciplined underwriter of catastrophe insurance risk.
We operate in all states that are immediately proximate to the Gulf Coast and Atlantic Coast, Hawaii, and in all states that carry a material exposure to earthquake events.
ICAT provides property insurance protection to small and middle market business owners located in hurricane and earthquake exposed regions of the United States. Named Hurricane protection is provided to residential property owners in Hawaii.
Small Commercial and Hawaii Residential accounts are underwritten and bound using an Internet-based platform that provides instant quotes 24 hours a day, 7 days a week. Middle market accounts are underwritten and quoted by ICAT's experienced team of Commercial Property Underwriters. We take great pride in the service, products and stability we deliver to our agents and brokers.
ICAT's mission is to fulfill our Business Purpose and to meet our Business Objectives, both each year and without interruption.
Our Business Purpose is to assist people and businesses to recover from disasters — this is the inherent promise we make to our policyholders when they select ICAT to be their insurance provider and it is why we are in business. Equally important, we will provide stable and reliable catastrophe capacity to our agent and broker partners, with best-of-market service and with responsible products.
Our Business Objectives are: (1) to be excellent underwriters defined by risk selection, risk pricing and conservative risk management; (2) to be a leading business of significance and importance to the insurance industry; (3) to consistently grow the value of our business; and (4) to deliver strong profits and attractive returns to our shareholders.
ICAT will remain fully committed to our Core Values. Our culture requires that we attract and keep bright and talented individuals of strong character. We will deliver great career opportunities and we will offer quality business and personal life styles to our employees.
ICAT's Core Values define the culture of our Company and are integral to our definition of success. Our Core Values are:
Passion
Curiosity, commitment, and creativity demonstrate that we are passionate about serving our customers.
Integrity
Honesty, sincerity and accountability reflect the traits of people who exhibit integrity, who build trust and respect, and who are effective problem solvers.
Vision
Embracing change and remaining flexible in the interest of enabling intelligent growth demonstrate our belief in a culture that values vision, with a clear view of our purpose and our objectives.
Teamwork
Collaboration, open communication, and maintaining a positive attitude reflect our commitment to a supportive environment based on teamwork.
ICAT Holdings, LLC is a fully integrated insurance holding company that is dedicated to all aspects of the catastrophe insurance business.
All production, underwriting, administration and risk management functions are delivered by ICAT Managers, LLC, a broadly licensed managing general agency that was formed in 1998.
ICAT retains underwriting risk through ICAT Syndicate 4242 of Lloyd's of London and through
ICAT Specialty Insurance Company, a Florida domiciled insurer licensed to underwrite business in Florida and Hawaii.
Claims administration services are provided by Boulder Claims, LLC. Boulder Claims has successfully administered the adjustment and settlement of thousands of claims emanating from the 2004 and 2005 Storm Seasons including Hurricanes Charley, Frances, Ivan, Jeanne, Rita, Wilma and Katrina.
WHY ICAT?
ICAT is headquartered near the beautiful Flatirons in Boulder, Colorado. As a recognized industry leader in catastrophe underwriting and one of the nation’s top 100 insurance brokerages, we provide catastrophe coverage to over 60,000 buildings in 38 states. ICAT employs approximately 170 people, many of whom are recognized as experts in catastrophe insurance products.
As an employer, we aim to provide a challenging, enjoyable, and rewarding experience that enables each employee to contribute to ICAT’s growth and success. As such, we look for people who exemplify our core values of Integrity, Passion, Vision, and Teamwork.
ICAT aspires to attract and retain top quality employees through a competitive compensation, incentive, and benefits offering including:
• Competitive Base Compensation
• Pay for Performance Environment
• Employee Incentive Program
• Health, Dental, Vision
• Life/AD&D, STD, LTD
• Flexible Spending Account
• Employee Assistance Plan
• 401k with 50% match up to IRS limits
• Paid Time Off
• Discounts at CU Rec Center
• Healthy Lifestyle Program
If you thrive in a fast-paced, high-energy, ever-changing work environment, we hope you’ll consider employment opportunities with ICAT. The experience is truly rewarding!
ICAT and Boulder Claims Selected by Citizens Property Insurance Corporation in Florida
Boulder, Colo. – ICAT Managers, LLC and Boulder Claims have been named by Florida’s Citizens Property Insurance Corporation as policy and claims service providers for Citizens’ recently authorized commercial nonresidential multiperil product.
“We are very excited to help Citizens deliver much-needed capacity to the general commercial market,” said ICAT President Ed Kelly. ICAT Managers, LLC and Boulder Claims are subsidiaries of ICAT Holdings, LLC.
“ICAT is committed to delivering best of market service to the retail agent community that serves Florida’s business owners,” Kelly said.
ICAT will provide support to Citizens for a commercial nonresidential multiperil product starting Sept. 1. The ICAT appointment was approved by the Citizens’ Board of Governors during its regular board meeting April 26.
ICAT received the highest score of five insurance and service organizations responding to Citizens’ RFP seeking policy administration and claims handling services for the new line.
“ICAT is known and respected for its expertise in delivering quality insurance products and services through their Internet-based application and policy services platform,” said Scott Wallace, Citizens’ president. “We believe this new relationship will effectively complement Citizens’ commitment to deliver the highest quality service to our agents and policyholders.”
ICAT helped Florida initiate a general commercial product for small business owners last August for the Florida Property and Casualty Joint Underwriting Association. “That experience certainly helped us to better understand the unique needs of Citizens’ new commercial product offering,” Kelly said.
“I’m proud of the accomplishments by the ICAT and Boulder Claims team supporting the PCJUA and we are excited about the opportunity to help Florida alleviate the commercial insurance market crisis it faces,” he said.
Human Resources: hr@icat.com
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