Ironshore News

Ironshore Int’l Offers Documents, Services in Mandarin for M&A Unit

Ironshore International said it is now offering insurance documents and services in Mandarin for its Mergers & Acquisitions unit, a move that will help it better market to Chinese companies. The service involves a package of Mandarin-language marketing materials and …

Ironshore Expands Liability Coverages for Designers, Contractors

Ironshore’s Construction Industry Vertical, in conjunction with Ironshore Specialty Casualty, has expanded its coverage for the designers and contractors sector with a new combination policy covering contractors professional liability, contractors pollution liability and pollution mitigation in a single product suite. …

Ironshore International Offers PI & GL Cover for Engineers Based Outside U.S.

Ironshore International has introduced a packaged policy to provide combined professional indemnity and general liability insurance for specialist engineers. Bermuda-headquartered Ironshore said it will underwrite coverage for professional liability, general liability, product liability and employer’s liability under one policy form …

Ironshore’s IronPro Launches Cyber Crime Product for English & Welsh Solicitors

IronPro, Ironshore’s financial and professional lines unit, is introducing Ironshore CyberCrime and DataProtect for English and Welsh Solicitors. Paragon International Insurance Brokers, a London-and-Bermuda-based independent global insurance broker, will exclusively market this product in conjunction with cyber monitoring and alert …

Fosun Plans IPO of Healthcare Assets

Fosun International Ltd., the flagship of the Chinese conglomerate that owns Club Mediterranee SA, signaled the company will announce information related to initial public offerings of its healthcare assets before the end of the year. News about the matter and …

Ironshore’s Pembroke Managing Agency Forms Specie Consortium at Lloyd’s

Ironshore’s Pembroke Managing Agency Ltd. announced the formation of the Specie Consortium, a new venture supported by 21 Lloyd’s Syndicates offering up to US$635 million in capacity for any one risk worldwide. The Specie Consortium is led by three syndicates: …

Ironshore Launches Coverage for Construction Project Owners

Ironshore Specialty Casualty has introduced Owners Protective Professional Indemnity (OPPI) coverage for specific construction projects. Ironshore’s OPPI product indemnifies the project owner for first party loss resulting from contracted design professionals and builders negligence when damages exceed the existing professional …

Fosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating

Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After announcing more than $15 billion in …

Ironshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun

Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent firm’s financial strength. The company filed with an initial …

A.M. Best Removes Ironshore from ‘Under Review’ Status

A.M. Best has changed its mind about Ironshore, removing the Bermuda-based specialty insurer from its status as “under review with negative implications.” A year after initially taking action, the ratings agency has affirmed the financial strength ratings of “A” (Excellent) …