Ironshore has expanded its Bermuda underwriting agency business model, Iron-Starr Excess, with the introduction of an agency that will service the U.S. and London insurance markets.
“We have had a lot of success given the quality and experience of our team in Bermuda,” said Mitch Blaser, Ironshore’s Chief Operating Officer and Chief Executive Officer (CEO) of Ironshore Bermuda.
“The business model has been well received in the Bermuda market and is advantageous to our clients offering a natural solution to concerns around counterparty risk and capacity needs.
“I am excited to broaden the existing Liberty Mutual relationships and provide wider access to our meaningful capacity.”
The Iron Excess business model expansion will be led by Steve Horton and will aim to deliver an efficient “agency approach” to providing the firm’s clients and brokers access to a large pool of capacity.
Kevin Kelley, CEO of Ironshore commented; “We are very pleased to announce the expansion of our agency business into the U.S. and London markets. Our ability to offer our clients access to not only Ironshore but third-party insurance partners will create significant and long term innovative solutions for our clients.”