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ICG Increases Ownership Stake in SeaPass Solutions

ICG Group, Inc., announces it has increased its primary ownership in SeaPass Solutions, a provider of web-based insurance distribution solutions to the property & casualty insurance industry, from 38 percent to 52 percent. The ownership increase was achieved by purchasing equity stakes from existing holders for a total of $13...

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ICG Group, Inc., announces it has increased its primary ownership in SeaPass Solutions, a provider of web-based insurance distribution solutions to the property & casualty insurance industry, from 38 percent to 52 percent. The ownership increase was achieved by purchasing equity stakes from existing holders for a total of $13 million. ICG is consolidating the financial results of SeaPass beginning December 31, 2012.

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