Reinsurance News
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
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
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
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
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
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
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
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
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
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
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
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
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
27th February 2017
Ironshore Specialty Casualty has announced that executives Dawn Puro and Sonny Powers will assume new product line responsibilities, effective immediately. Puro, Senior Vice President (SVP) of Specialty Casualty at the firm's New York office has been named Product Line Manager, Public Entity lines and Powers, Vice President and Product Line Manager ... Read the full article
21st February 2017
Bermuda domiciled specialty insurance and reinsurance holding company, Ironshore International, has announced that it's increased its Terrorism & Sabotage programs capacity to $400 million, effective immediately. The new $400 million capacity level represents growth of roughly 6.7% from the previous $375 million limit, and is in response to a rise in ... Read the full article
