Iron-Starr Forms Underwriting Alliance with Oil Casualty Insurance

Article

Ironshore Inc. has added Oil Casualty Insurance, Ltd. (OCIL) as a subscribing insurer to Iron-Starr Excess Agency Ltd. for Financial Lines business. Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. (IIL), Starr Insurance & Reinsurance Ltd., Hamilton Re Ltd. and Antares Syndicate 1274. With the addition of OCIL, Iron-Starr will be able to offer increased capacity for directors and officers liability, cyber liability and transactional liability for Financial Lines clients.

Iron-Starr was founded to offer syndicated capacity to clients for excess liability products through a single access point. Bermuda remains a core market for purchasing such products, and the addition of OCIL to Iron-Starr strengthens its capabilities and creates a larger pool of excess capacity available to current and potential clients.

According to Mitch Blaser, Iron-Starr CEO, the partnership allows the company to offer capacity through a single access point, with concurrency of terms and access to several balance sheets. He added Iron-Starr continues to seek “likeminded partners” for lines of business that have the demand and opportunity.

Iron-Starr Excess Agency Ltd. (Iron-Starr) is a specialty lines insurance managing general underwriting agency, domiciled in Bermuda.

Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its multiple international platforms.

STARR COMPANIES (or STARR) is the worldwide marketing name for the operating insurance and travel assistance companies and subsidiaries of Starr International Company, Inc. and for the investment business of C. V. Starr & Co., Inc. and its subsidiaries.

OCIL was incorporated under the laws of Bermuda on May 14, 1986. OCIL provides its insured’s with excess insurance covering property, liability, directors and officers liability, employment practices liability and fiduciary liability.

Topics Excess Surplus Energy Oil Gas Underwriting Casualty

Was this article valuable?