Icat attracts wide trade and PE interest

US property cat specialist Icat has been the subject of multiple
indicative offers from potential trade and private equity buyers
during the early stages of a Evercore-run process expected to
result in a sale, The Insurance Insider
can reveal.
This publication reported in March
that Icat and its parent Paraline Group had appointed the boutique
investment bank to advise on strategic options.And according to sources, the firm received initial approaches
that number well into the double figures aft