Victor Insurance Exchange
A new, innovative insurance company created by ICAT and Victor
Weather the future with Victor Insurance Exchange. This new reciprocal insurer was created to deliver additional capacity and stronger insurance offerings for ICAT policyholders. As specialists in catastrophe insurance, ICAT has the expertise to adapt and innovate today to protect our customers against the risks of tomorrow.
A reciprocal insurance exchange is a common way to structure an insurance company, one of the oldest in fact. Traditional insurance companies are owned by shareholders, but in a reciprocal, the insurer is owned by policyholders – known as subscribers. The subscribers pool their money together to help absorb each other’s losses.
Victor Insurance Exchange is rated A- (Excellent) by AM Best. For the latest Best’s Credit Rating, access ambest.com.
The Exchange’s operations are managed by Victor Attorney-in-Fact (VAIF), which acts on its behalf, including entering into vendor contracts, approving all company action, and overseeing compliance with regulatory requirements. Initial capitalization will be wholly provided by Gallatin Point Capital LLC, a leading financial services oriented, private equity firm.
So, what is a reciprocal?
Security
Service and recovery
At ICAT, we have a single goal: help business owners and homeowners recover from a disaster.
ICAT is an elite provider of catastrophe insurance, and this has been our sole focus since 1998. With 25 years of experience, you can feel secure knowing ICAT is here to stay.
The subscriber pays their premiums annually, plus a little extra – known as the Surplus Contribution, to do their part to cover future claims. This helps to stabilize premiums and increases the likelihood that all valid claims will be paid.
How does it work?
About Victor
About ICAT
Talk to your agent about getting coverage.
Want to start selling policies? Contact us to get appointed with the Victor Insurance Exchange.
FAQs
Subscriber agreement
Victor Insurance Exchange
(the reciprocal exchange)
Subscribers
(policyholders)
Attorney-in-fact
(third-party management)
Being prepared and responsive is what we do. The ICAT team is here to answer the phone and help you with what you need. We pride ourselves on responding quickly to requests.
Founded in 2005, Boulder Claims is a wholly-owned subsidiary of ICAT and provides comprehensive claims services on claims from policies underwritten by ICAT. We have more than 450 years of combined experience among our staff of supervisors, examiners, and large loss specialists, who efficiently manage all commercial and residential claims. Our service is seamless through our state-of-the-art electronic claims administrative technology.
Get back on track with the service and care you need to rebuild after a loss. Our expert claims team will guide you through the process—from the initial notice of claim to final resolution, ensuring you receive a fair outcome.
We’ve got you covered.
Service and recovery
Security
Attorney-In-Fact agreement