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Reinsurance News


Ironshore names new President of Environmental unit

28th November 2017

Ironshore has announced that Toby Smith has been appointed President of Ironshore Environmental, replacing John O'Brien who recently left the company. Smith will report to Shaun Kelly, President and Chief Executive Officer (CEO) of Ironshore's U.S. business, and take responsibility for leading the global environmental unit. Smith helped launch the firm's environmental ... Read the full article

Ironshore appoints three Specialty Casualty risk underwriters

1st November 2017

Ironshore has appointed three executives to underwrite specialty casualty risk in the excess underwriting unit, Iron-Excess, within its U.S. and London markets. Sonny Powers will lead the Iron-Excess Casualty unit in the U.S., while Owen Roddy and Oliver Ross will drive business growth for the Iron-Excess Casualty unit in the London ... Read the full article

Ironshore names Kristin McMahon Head of U.S. Claims

27th October 2017

Ironshore Inc. has named executive Kristin D. McMahon, Esq. as its new Head of U.S. Claims, effective immediately. Prior to the appointment, McMahon served as the company's Chief Claims Officer within its specialty healthcare unit, IronHealth, and also recently took on underwriting oversight as President of the unit's liability and regulatory ... Read the full article

Ironshore expands political risk lines for Asia Pacific region

24th October 2017

Ironshore Insurance Singapore is expanding Political Risk business lines, growing Political Risk & Trade Credit unit capacity from $15 million to $50 million and hiring Sam Lim as Political Risk & Trade Credit Underwriter, for the Asia Pacific region. Lim joins from AIG and will report to Boo Hui Yun, Managing Director, ... Read the full article

Ironshore Hong Kong reveals commercial legal expense mitigation cover

20th October 2017

Ironshore Hong Kong has introduced a specialty professional lines product that offers protection for After-the-Event Legal Expenses providing coverage for parties subject to expense losses following commercial litigation action to help mitigate loss exposure. The coverage, which is standardized within the U.K. legal community, has been adapted specifically for the Hong ... Read the full article

Ironshore expands Bermuda underwriting model to U.S. & UK

26th September 2017

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 ... Read the full article

Ironshore reveals new appointments within Bermuda property unit

20th September 2017

Ironshore Inc. has announced two new appointments within its Bermuda property division, naming Ian Smith Senior Vice President (SVP), Head of Bermuda Property and Shane Rozario, as Chief Operating Officer (COO), Bermuda Property. Smith joined the firm in 2013 as Vice President (VP), Property Underwriter, and previously spent five years with ... Read the full article

Ironshore to offer cyber claims response for any business line

24th August 2017

Specialty property and casualty insurer and part of the Liberty Mutual group Ironshore has announced the formation of a computer emergency response team to better manage cyber claims across all of its business lines. In a clear indication that cyber risks are inherent in a multitude of insurance and reinsurance lines, ... Read the full article

Ironshore launches Project Cargo Consortium to service China’s Belt & Road Initiative

26th July 2017

Ironshore’s Pembroke Managing Agency has launched a Project Cargo Consortium with a capacity limit of up to U.S. $178 million to expand Lloyd’s China platform for increased coverage of the Belt & Road Initiative.  The cargo consortium aims to service one of the world's greatest infrastructure programmes; ... Read the full article

Ironshore International appoints Krishnan Ethirajan to Chief Operating Officer

25th July 2017

Ironshore International has appointed Krishnan Ethirajan to Chief Operating Officer (COO) - a role he's set to take on in addition to his current position as COO of IronServe. IronServe is a segment that delivers support in specialized underwriting, finance and technological support throughout the firm's global platform. Mark Wheeler, Chief Executive ... Read the full article

Patria Re strengthens property treaty underwriting team

17th July 2017

Ironshore International's Pembroke Managing Agency Limited has revealed the addition of property treaty underwriters to the Patria Re underwriting team. Patria Re is a global reinsurance entity focused on the Latin American markets, with Pembroke acting as the third-party managing agent for the Lloyd's of London approved Special Purpose Arrangement (SPA), which ... Read the full article

William Lewis to lead Ironshore’s Australian & New Zealand insurance offerings

7th June 2017

Ironshore International has announced the appointment of William Lewis as Managing Director of Ironshore Australia Pty Limited, responsible for leading its multi-line insurance offerings across Australia and New Zealand. Lewis will based in the firm's Sydney office and reports to Managing Director, Ironshore Asia Pacific, Hui Yun Boo. Hui Yun Boo, commented on ... Read the full article

Russell Fisher to lead Ironshore’s London Political Risk & Trade Credit business

24th May 2017

Bermuda domiciled insurance and reinsurance holding company, Ironshore Inc., has hired Russell Fisher as Vice President (VP) of its Political Risk and Trade Credit unit to underwrite European business, the company has announced. Fisher will be based in the firm's London office and will report to Don Asadorian, Senior Vice President ... Read the full article

Liberty Mutual to combine LIU U.S. & Ironshore’s specialty U.S. operations

5th May 2017

Liberty Mutual Insurance (LMI) has revealed that following the completion of its takeover of Ironshore from Fosun International, Liberty International Underwriters' (LIU) existing U.S. business will combine with Ironshore's U.S. specialty lines business under the Ironshore brand. Based on 2016 direct written premiums, the combination of the two units under the ... Read the full article

Liberty Mutual completes specialty insurer Ironshore acquisition

2nd May 2017

Liberty Mutual Insurance - one of the largest property and casualty insurer's in the U.S. - has announced the completion of its acquisition of global specialty insurer Ironshore. Liberty purchased the firm from Fosun International for $2.935 billion after receiving regulatory approvals. The transaction took place under the guidance of Barclays Capital as financial ... Read the full article

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