Ironshore News

IronPro Names CNA’s Reilly as Senior VP of Mergers Unit

IronPro, the U.S. professional and management liability unit of Ironshore Inc., has named Mark Reilly to the position of senior vice president, Mergers & Acquisitions. Reilly will be responsible for building the IronPro Private Equity Financial Lines practice by developing …

IronHealth Launches Emerging Infectious Disease Business Interruption Coverage

IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced an endorsement on excess policies for its emerging infectious disease business interruption coverage. The drop-down coverage option will reimburse insureds for business income loss as a result of an infectious …

Ironshore to Raise Capacity Limits to $50M for Builder’s Risk Property Products

Bermuda-based Ironshore Inc. announced its global property division will raise capacity limits for builder’s risk products to $50 million, an increase from the current $35 million limit, effective immediately. Ironshore’s builder’s risk property program provides risk transfer protection for U.S.-based …

Updated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B

Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the Bermuda-based insurer. Fosun’s unit Mettlesome Investment 2 will combine …

Ironshore International Forms Lead Umbrella Consortium for U.S. Companies

Ironshore International’s Specialty Casualty unit of Ironshore Europe Limited (IEL), the Specialty Casualty unit and its Pembroke Lloyd’s Syndicate 4000 have joined with Lloyd’s Antares Syndicate 1274 and Markel Global Insurance to form XXV Consortium. The newly created XXV Consortium …

Ironshore’s Pembroke Agency Launches Accident Coverage for Space Tourism

Ironshore International’s Pembroke Managing Agency Limited through its Lloyd’s Syndicate 4000 (Pembroke) has introduced insurance coverage for passengers and participants in sub-orbital space flights.  Pembroke’s product provides cover for personal risk exposure of death, serious injury, and associated medical expenses …

Ironshore Specialty Adds Product Recall to Crisis Management Coverage

Ironshore Specialty Casualty, the specialty insurance unit of Ironshore Inc., has expanded its crisis management coverage to include a product recall enhancement for product manufacturers.  Ironshore’s “Crisis ThreeSixty” (with recall reimbursement expense) offers a crisis management feature to assist clients …

Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida

Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …

Ironshore Personal Lines Adds Fine Arts, Valuables Endorsement

Ironshore’s Personal Lines unit has expanded coverages available for high-net worth insured homeowners.  Ironshore clients can now obtain an endorsement for itemized fine art, jewelry, private collections, and other personal valuables.  Ironshore’s ‘personal articles floater’ is available to homeowner insureds …

Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes

Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners.  Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …