Ironshore News

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 …

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 …