Ironshore Inc. has acquired Excess Risk Reinsurance (ERR) Inc., a managing general underwriter specializing in the Employer Stop Loss insurance sector.
ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Services LLC.
ERR is led by Steven M. Parker, president, and David Dausman, executive vice president, who will continue serving in executive leadership positions under the new ownership structure.
ERR offers specific and aggregate excess loss coverage and provides access to transplant networks for self-funded employers through third-party administrators, brokers and consultants.
Founded in 1989 under the name AJD Insurance Consultants Inc., the company acquired its current name in 2001. Headquartered in Ridgeland, Mississippi, the company also has regional offices in Boston, Massachusetts and Denver, Colorado.
Ironshore provides specialty property/casualty insurance coverages for varying risks on a global basis through its multiple international platforms.
Topics Mergers & Acquisitions Agencies Profit Loss Excess Surplus
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