Ironshore Expands Property Division at Lloyd’s, Bermuda

October 22, 2009

Bermuda-based Ironshore Inc. announced today that it has gained approval to write direct and facultative property business on behalf of its Pembroke Lloyd’s Syndicate effective October 1, 2009. The Pembroke team will underwrite a “broad spectrum of property risks with a focus on international business.”

Rod Todd, who has extensive experience in the Lloyd’s Property marketplace, will head the Lloyd’s Property Operation. Before joining Ironshore Bermuda in 2007 as Senior Vice President and Property Underwriter, he worked at Talbot Underwriting Syndicate as a Joint Team Manager for Property Direct and Facultative. Prior to Talbot, he was a Managing Director and Underwriter at Faraday Syndicate, a wholly owned subsidiary of Gen Re (formerly DP Mann).

Mark Wheeler, Pembroke’s Underwriting Director noted: “Expansion into the UK Property market provides Ironshore the ability to further our international reach and product offerings.”

Ironshore also announced that Peter Coleman has been promoted to Head of Bermuda Property. He will “provide strategic direction and oversight in the development of Ironshore’s Bermuda Property Operation,” said the bulletin.

Coleman joined Ironshore as a Senior Vice President and Property Underwriter at the inception of the Company in January 2007. Prior to Ironshore, he was a Principal of Integro London, where he was responsible for marketing, design and structure of complex property programs in the London and European markets.

Source: Ironshore – www.ironshore.com

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