Ironshore News

Ironshore Expands Builders Risk Coverage to Wood Frame Commercial Construction

                                       Ironshore Global Property has expanded its builders’ risk coverage to include wood frame commercial construction projects in the U.S. and Canada.  The stand-alone policy offering will protect against property risks of large scale, commercial wood frame structures during the …

Ironshore International Establishes Lloyd’s China Platform in Shanghai

Ironshore International announced its subsidiary, Pembroke Managing Agency, will establish an office in Shanghai in January 2016 as part of the Lloyd’s China platform. Pembroke Managing Agency will underwrite specialty lines of business, initially focusing on the agriculture, marine and …

Ironshore Launches Professional Liability Coverage for Global Mining Sector

Ironshore International has launched a professional liability product designed to provide protection for risk exposures within the mining sector worldwide. Ironshore’s dedicated product provides coverage to engineers and consultants engaged in all aspects of the mining process from exploration through …

China’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore

Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant regulatory authorities in the United States, the United Kingdom and other …

Ironshore Launches Product Liability Endorsements for Manufacturers

Ironshore Specialty Casualty has created a new suite of endorsements to address the products liability exposure of manufacturers and distributors. Coverage is underwritten on a primary basis with limits available of up to $5 million on an occurrence or claims-made …

Ironshore Acquires Novae Group’s Agricultural Team and Renewal Portfolio    

Bermuda-based Ironshore International announced the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and is expected to be completed in November 2015.  Novae’s team of five agriculture reinsurance underwriters will …

Ironshore Launches Project-Specific Endorsements for Construction Segment

Ironshore Specialty Casualty’s Construction unit has introduced endorsements for construction projects tailored to meet the liability needs of sophisticated market participants. Ironshore’s new endorsements are available for wrap (OCIP and CCIP), project specific and owner’s interest developments, providing coverage options …

13 Specialty Insurers Emerging As Takeover Targets: S&P

Standard & Poor’s sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance versus the P/C industry as a whole. The ratings entity …

Fosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks

Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies at home and …

China’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions

Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its push into the banking and insurance industries. The company plans to …