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 Insurance Co., which under his leadership became the largest excess and surplus lines insurer in the world.
“Ironshore’s singular focus has always been to create shareholder value by building a world class specialty insurance company. Attracting Kevin Kelley, one of the most talented insurance executives in the last two decades, significantly increases our ability to take advantage of the changing insurance marketplace. I welcome the opportunity to work alongside him,” said Deutsch.
“I am excited to join Ironshore and am impressed with what has been accomplished in its first two years,” said Kelley. “I look forward to working with Bob and his talented colleagues to grow Ironshore into a large, specialty company as it moves from its initial development stage.”
Ironshore was formed in 2006. Through its platform in Bermuda, Ironshore writes property catastrophe and property all-risk coverage for small to mid-sized commercial risks. Ironshore’s U.S. operations consist of IronPro, IronHealth, IronBuilt and IronSelect, which serve the professional liability, healthcare liability, construction and excess casualty specialty market sectors, respectively.
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