Deutsch Departs Ironshore; Kelly to Succeed as President

March 23, 2009

Ironshore Inc. announced that Bob Deutsch, president, will leave Ironshore effective March 31, 2009.

Shaun Kelly, former AIG executive who is now CEO of Ironshore's U.S. operations, will also assume the role of president of Ironshore Inc.

Deutsch helped grow Ironshore from a start-up in January 2007 to a specialty company two years later with operations in Bermuda, the U.S. and London. The company ended 2008 with nearly $400 million in gross written premiums and almost 200 employees.

Shaun Kelly joined Ironshore right after another AIG executive, Kevin Kelley, became Ironshore's CEO.

"I'm very proud of our team's accomplishments during the first two years," said Deutsch. When we hired Kevin in December, I said then how fortunate we were to recruit this uniquely qualified executive to lead Ironshore into its next stage of development."

Ironshore provides broker-sourced specialty commercial property and casualty coverages for risks located throughout the world.

Source: Ironshore
www.ironshore.com