Bermuda-based Ironshore Inc. announced that Ironshore Holdings (U.S.) Inc., the company’s US subsidiary, has completed the acquisition of Stockbridge Insurance Company, a US-based admitted insurance company, from Folksamerica Reinsurance Company.
The bulletin noted that “subject to regulatory name change approval, the company will be renamed Ironshore Indemnity Inc. (III). It is currently licensed in 46 states plus the District of Columbia, and it “will be the admitted US carrier for Ironshore’s US operations, which currently consist of the IronPro and IronBuilt divisions.”
Greg Flood, President of both III and IronPro,noted the Group’s pleasure it having been able to acquire “a clean, admitted shell with licenses in so many states.” He added that the acquisition would give Ironshore “an excellent platform to expand our US admitted operations.”
Source : Ironshore – www.ironshore.com
Topics Mergers & Acquisitions USA
Was this article valuable?
Here are more articles you may enjoy.
Disney Worker Injured Trying to Stop Runaway Boulder at Indiana Jones Show 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
Kansas Man Sentenced to Probation for Insurance Fraud 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
