Bermuda-based Ironshore Insurance Ltd. reports it has been approved to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks in Florida.
Ironshore, formed in late 2006, is a Bermuda-based specialty insurance company with over $1 billion of capital.
“There is a great need for the specialty lines coverages we provide in the state, and we’re pleased to be accepted as a market solution for the citizens of Florida,” said Robert V. Deutsch, CEO.
Les Rock, Ironshore’s Chief Underwriting Officer, commented, “This is a ‘win-win’ for both Ironshore and Florida business owners. We intend to play an active role in helping to alleviate the ongoing capacity shortage.”
Ironshore provides broker-sourced specialty commercial property and casualty coverages for risks located throughout the world. Ironshore’s initial market profile included property catastrophe and property all-risk coverage for small to mid-sized commercial risks. With the launch of its IronPro division, Ironshore has recently expanded its platform into the Professional Liability market sector.
Ironshore Insurance Ltd. is rated A – (Excellent) by A.M. Best Co. with a Financial Size Category of Class XI.
Source: Ironshore
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