IC Group Inc. Acquires Remaining Ownership of Insured Creativity
2024年7月15日 - 10:40PM
11197894 Canada Ltd. (IC Group), a global leader in digital
promotions, proudly announces the successful acquisition of the
remaining 13% ownership stake in Insured Creativity Inc. (ICI)
effective on June 21, 2024. The acquisition was completed through a
payment of cash and the issuance of shares of IC Group to Bostraze
Trading Inc. (Bostraze). Following this acquisition, ICI is now a
wholly owned subsidiary of IC Group.
ICI, operating as a Lloyd’s Coverholder for over
three decades, has established itself as a key player in the
insurance industry, focusing on innovative risk solutions tailored
to the unique needs of its clients. ICI's comprehensive product
suite includes prize insurance, liability protection, and coverage
against cancellation risks for Live Events, effectively enhancing
consumer engagement and mitigating financial exposure.
"Insured Creativity has demonstrated remarkable
growth, particularly in post-pandemic recovery," stated David
Sasaki, President of ICI. "With the global live events industry
projected to grow significantly over the next decade, our expanded
partnership with IC Group positions us to deliver specialized
expertise and support to our partners and clients worldwide."
Mike Pakeman, Bostraze owner, expressed his
enthusiasm: "I'm excited to see the growth and innovation in our
business. This acquisition reflects our continuous efforts to push
boundaries and enhance our offerings, especially in the events
space."
The acquisition aligns with IC Group Inc.'s
strategic vision to leverage ICI's industry expertise and
operational excellence, further enhancing its ability to navigate
complexities in the marketplace. This transaction underscores IC
Group Inc.'s commitment to fostering insurance innovation within
the live events industry and delivering unparalleled value to its
stakeholders.
For more information about ICI and our expanded
services, please visit insuredcreativity.com or contact David
Sasaki, President, at david.sasaki@insuredcreativity.com.
About IC Group: IC Group is a leader in digital
promotions, dedicated to providing innovative marketing solutions
that drive consumer engagement and enhance brand loyalty. With a
strong focus on technological advancement and customer
satisfaction, IC Group Inc. continues to redefine standards in the
digital promotions industry.
About ICI: ICI is a specialized Managing General
Agent (MGA) offering tailored underwriting solutions in the Sports,
Entertainment, and Promotions sectors. Operating as a Lloyd’s
Coverholder, ICI is committed to delivering comprehensive risk
management strategies and exceptional service to its global
clientele.
For media inquiries, please contact:Jay MilesSVP
Marketing, IC Group jay.miles@icgroupinc.com