Ironshore News

S&P: Reinsurance M&A Will Be Driven by Berkshire Hathaway Model

Reinsurance M&A activity should continue well into 2016 as competitive pressures continue unabated, Standard & Poor’s said in a new report. The ratings firm said that the Berkshire Hathaways of the world – investment holding companies seeking to enter the insurance …

Ironshore Launches Umbrella Coverage up to $5M for High Value Homeowners

Ironshore Personal Lines is now offering a new umbrella program for high net worth homeowner insureds, with properties valued in excess of $1 million, as complementary liability coverage for losses due to unforeseen legal actions. Ironshore Personal Lines’ umbrella program …

China Minsheng Investment to Acquire White Mountains’ Sirius for $2.2B

White Mountains Insurance Group Ltd. agreed to sell Sirius International Insurance Group Ltd. for about $2.2 billion to an arm of China Minsheng Investment Corp. The price for the reinsurer will be 127 percent of shareholders’ equity, plus $10 million, White Mountains said Monday in …

Ironshore Launches Boat Program with National Boat Owners Association

Ironshore Inc. has introduced a new boat and yacht insurance program in collaboration with the National Boat Owners Association (NBOA) to be available nationwide.  Ironshore Premier Watercraft program, which will be offered exclusively by NBOA, provides comprehensive cover for watercraft …

Ironshore Establishes Real Estate Industry Practice, Taps Mazman to Lead

Ironshore Inc. has named Edward Mazman to lead the newly-established Real Estate Industry Practice group.  Mazman, based in Boston, will assume the role in addition to his current responsibilities serving as executive vice president of the Ironshore U.S. Property unit. …

Ironshore Names Whitehead Chief Underwriting Officer for Special Casualty

Ironshore Inc. has named Kevin Whitehead as executive vice president and chief underwriting officer of the Specialty Casualty unit.  He will be responsible for setting underwriting guidelines and strategies for existing and new product lines for Specialty Casualty nationwide. He …

Ironshore Names Owen as Senior Vice President of Global Property Energy

Bermuda-based Ironshore has named Daniel Owen as senior vice president of the Global Property Energy division, effective immediately. Owen, who joined Ironshore in 2011, is currently senior vice president of Global Property Builder’s Risk business lines and will continue in …

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 …