Reinsurance News
Ironshore
Ironshore expands OCIL partnership to include property lines
9th March 2018
Ironshore has expanded its Iron-Starr Excess Agency (Iron-Starr) partnership with Oil Casualty Insurance (OCIL) to include underwriting property lines. The broadened relationship with OCIL will enable Iron-Starr to grow syndicated capacity for commercial property risks, including natural catastrophe perils within the Bermuda market. Ian Smith, Ironshore Senior Vice President and Head of ... Read the full article
David Russo joins Ironshore from AIG as VP, Regional Exec, Mid-Atlantic Region
13th February 2018
Ironshore Inc. has announced the appointment of David Russo from AIG as Vice President (VP), Regional Executive of the Mid-Atlantic Region, based in Philadelphia. Russo takes over from Kevin Fee, who was recently named Chief Operating Officer (COO) of Ironshore Environmental, and will report to David Frediani, President of the firm's U.S. Field ... Read the full article
Ironshore makes two exec promotions within Bermuda operations
18th January 2018
Bermuda domiciled insurance and reinsurance holding company, Ironshore, has announced the appointment of Steve Horton as Chief Executive Officer (CEO) of Iron Starr, and Susan Pateras to Chief Operating Officer (COO), Ironshore Bermuda. In their new positions, both Horton and Pateras will report to Ironshore Bermuda CEO, Mitch Blaser. Blaser, commented; "Steve and ... Read the full article
President of U.S. field operations, Joseph Boren retires from Ironshore
1st December 2017
Joseph Boren is set to retire from his role as Ironshore President of U.S. field Operations after serving in the role for 6 years. His successor, David Frediani, has been promoted from a role as President of Ironshore International and Head of Regional Distribution. Boren is credited with having elevated industry awareness ... Read the full article
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
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