Ironshore Canada, IronPro Division Appoint M&A Execs

April 1, 2014

Ironshore Canada Ltd. has announced the appointments of key executives within its Mergers & Acquisitions division and for IronPro, the professional and management liability unit of Ironshore Inc.

Ironshore named Andrew Stewart as Sr. Associate for Ironshore Canada’s Mergers & Acquisitions insurance division. He will be responsible for offering the division’s suite of international products to the Canadian market.

Prior to joining Ironshore, Stewart was a corporate associate at the law firm of Osler, Hoskin & Harcourt LLP, with a specialty focus on mergers and acquisitions, corporate finance and securities law. The bulletin noted that his “expertise in corporate transactions will broaden Ironshore Canada’s M&A presence with regional partners to provide in-country client insurance solutions.”

Ironshore said its “M&A products include cross-border transaction protection, buyer and seller insurance, as well as warranties and tax indemnity coverage for Canadian-based clients, with limits of up to C$60 million [US$54.2 million] per transaction.

“Andrew’s experience and relationships in the M&A arena present a distinct advantage to clients, enabling Ironshore to leverage global product offerings with local expertise, which is normally only available outside Canada,” said Dane Hambrook, Managing Director of Ironshore Canada. “Ironshore Canada will continue on its growth trajectory by delivering innovative, market leading solutions through the dedication and proficiency of our professional teams across all specialty business lines.”

Ironshore Canada’s IronPro unit also announced that it has promoted David Tran to the position of Vice President and Daniel Lee as Assistant Vice President. Both men have been with the company for over four years, and have “been instrumental in building IronPro’s financial and professional portfolio with diverse industry sectors across the country. IronPro specialty lines include coverages for Management Liability and Professional Liability/Errors & Omissions insurance products, including Financial Institutions.”

Ironshore Canada began offering specialty insurance in 2010 via Ironshore Canada Ltd., which provides capacity through Ironshore Pembroke Managing Agency Limited. The newly established Ironshore Canadian branch office of Ironshore Insurance Ltd. further demonstrates the company’s commitment to the Canadian market and also enhances its existing distribution capabilities.

Ironshore Canada Ltd.’s suite of products is underwritten for Financial and Professional Lines, Mergers & Acquisitions, Casualty, Environmental, Specialty Property, Political Risk, Structured Trade Credit, Fine Arts, and War & Terrorism.

Source: Ironshore Canada

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