Latest Ironshore Insurance Headlines
All the headlines from our Ironshore Insurance Topic Page, ordered by recency.
Specialty P/C Insurer Ironshore Raises $300 Million
Aug 31 2009 // Property/casualty insurer Ironshore Inc. in Bermuda has completed an equity capital deal that will raise $300 million to support the continued expansion of Ironshore’s specialty insurance business. Lead investors in...
Ironshore to Offer Liability for Owners of Uncompleted Real Estate
Aug 13 2009 // Ironshore Inc. has developed a new program to provide coverage for property owners and holders of uncompleted or in-progress real estate and development projects to be offered through its subsidiaries. IronBuilt, the...
Ironshore Creates Global Energy Property Unit
Aug 3 2009 // Ironshore Inc. has established a dedicated Global Energy Property business, as an extension of its Global Property division. Ironshore will underwrite comprehensive coverages on commercial risks across virtually all...
Specialty Insurer Ironshore Raises $300 Million for Expansion
Jun 23 2009 // Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business. In connection with this financing, Ironshore said it has entered into an...
Mammolite to Head Ironshore’s U.S. Property Unit
Apr 20 2009 // Bermuda-based specialty insurer Ironshore Inc. has appointed Anthony Mammolite as executive vice president of its U.S. Property unit. Mammolite, who will be based in New York, will oversee strategy for the unit, which...
Best Removes Ironshore from Review; Affirms Ratings
Apr 13 2009 // A.M. Best Co. has removed from under review with negative implications and affirmed the issuer credit rating (ICR) of “bbb-” of Cayman Islands-based Ironshore Inc. Best has also removed from under review with...
People
Apr 6 2009 // The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers. They are: President James Goodman, who is president of Goodman Insurance Inc. in Shelton; President-elect Howard Olderman, who is...
Deutsch Departs Ironshore; Kelly to Succeed as President
Mar 23 2009 // Ironshore Inc. announced that Bob Deutsch, president, will leave Ironshore effective March 31, 2009. Shaun Kelly, former AIG executive who is now CEO of Ironshore’s U.S. operations, will also assume the role of...
Ironshore Names Kostro as Vice President of New Underwriting Unit
Mar 20 2009 // Bermuda-based Ironshore Inc. has appointed Susan Kostro as vice president in charge of running its newly created Program underwriting facility. Kostro, who will be based in Boston, will develop and manage Program business,...
People
Feb 8 2009 // Linda Timmons has been promoted to director of communications for the Independent Insurance Agents of Texas (IIAT). In this position, Timmons will manage the organization’s internal and external communications,...
Best Places Ironshore’s Ratings Under Review with Negative Implications
Feb 4 2009 // A.M. Best Co. has placed the issuer credit rating (ICR) of “bbb-” of Cayman Islands-based Ironshore Inc. and the ICR of “a-” and financial strength rating of ‘A-‘ (Excellent) of its...
Former AIG CEO Greenberg, Ironshore in Joint Excess Casualty Venture
Jan 26 2009 // Maurice “Hank” Greenberg, the man who ran American International Group for nearly 40 years and who now runs C.V. Starr & Co., is being reunited with some executives who used to work under him when he ran...
People
Jan 25 2009 // The Insurance Marketing and Communications Association named Richard Look president. He is a marketing communications veteran with agency and insurance company experience, and currently serves as vice president of...
Ironshore Creates U.S. P/C Operation Run By Former AIG Execs
Jan 22 2009 // Ironshore Inc. has appointed Steven England as executive vice president responsible for running its newly created U.S. Property/ Casualty underwriting operations based in St. Louis, Missouri. The new unit, Ironshore...
AIG’s Boren, O’Brien to Head New Ironshore Environmental Insurance Unit
Jan 6 2009 // Bermuda-based Ironshore Inc. announced that Joe Boren and John O’Brien have joined as CEO and president, respectively, of its newly established Environmental Insurance facility. The company said the new unit will...
Ironshore Completes Marine Re Asset Purchase
Dec 15 2008 // Bermuda-based Ironshore Inc. announced that it has acquired the assets of Marine Re Inc. The bulletin noted that the “current management and staff will be retained” under the leadership of CEO Simon Barder and...
AIG’s Lexington Loses Another Top Executive as Kelly Joins Ironshore
Dec 10 2008 // One day after it stole the long-time chief executive officer of giant surplus lines insurer Lexington Insurance Co., specialty insurer Ironshore Inc. announced that another former Lexington executive, Shaun Kelly, has been...
Former Lexington Insurance CEO Kelley Named CEO at Ironshore
Dec 9 2008 // Specialty insurer Ironshore Inc. has named Kevin Kelley its chief executive officer. Bob Deutsch, the company’s founding CEO, will become Ironshore’s president. Kelley has been the longtime CEO of Lexington...
Best Comments on Resignation of Ironshore’s Rock
Oct 31 2008 // A.M. Best Co. has commented that the ratings and outlook of Cayman Islands-based Ironshore Inc. and its operating subsidiaries are unchanged following the resignation of the company’s chief underwriting officer...
Ironshore’s President, Chief Underwriter Resigns
Oct 30 2008 // Les Rock, president and chief underwriting officer of Ironshore Insurance Ltd., has resigned effective Oct. 31, 2008 for personal reasons. Howard Barnes, Peter Coleman and Rod Todd will continue to underwrite property...
