Ironshore News

Liberty Mutual Names Hovenagle Wholesale Distribution Executive West

Tara Houvenagle has been named wholesale distribution executive for the West at Liberty Mutual Insurance. She is based in St. Louis. The wholesale distribution team – in close collaboration with Liberty and Ironshore’s wholesale underwriting units – is focused on …

Ironshore Names Hartley U.S. Program Business Leader; Appoints Sharis Director

Ironshore Specialty Casualty has announced executive appointments to oversee the Programs business unit in the U.S. Casey Hartley has been named senior vice president, head of Programs. Hartley will oversee the development, marketing and distribution of programs lines, working with …

Liberty Mutual’s Q2 Profit Jumps on Life Unit Sale, Lower Catastrophe Costs

The sale of a life insurance unit and an easing of catastrophe costs boosted Liberty Mutual Holding Co.’s net income for the second quarter to $981 million, well above the $126 million it saw in the same quarter last year. …

Ironshore Enhances Designers, Contractors PL Coverage

Ironshore’s Construction Industry group, in conjunction with Ironshore Specialty Casualty, has enhanced its coverage for designers and contractors. The specialty program offers contractors pollution liability on an occurrence basis within its combination policy covering contractors liability, contractors pollution liability and …

Pembroke Managing Agency Gets Nod to Manage Lloyd’s Syndicate for India’s GIC Re

Pembroke Managing Agency Ltd., the London-based subsidiary of Ironshore, has been granted approval by Lloyd’s to establish and manage a syndicate for India’s GIC Re. GIC Syndicate 1947 has been granted permission to underwrite business, attaching on or after April …

Iron-Starr Excess Agency Increases Capacity for Property Risks

Iron-Starr Excess Agency Ltd. (Iron-Starr), an excess specialty insurance lines managing general underwriting agency operated by Ironshore, has expanded its relationship with Oil Casualty Insurance Ltd. (OCIL) to underwrite property lines. Iron-Starr has underwritten coverages on behalf of OCIL, a …

Ironshore’s Pembroke Agency & GIC Re Get Nod from Lloyd’s to Form Syndicate

Ironshore Inc. announced that its Pembroke Managing Agency has been granted “in principle” approval by the Lloyd’s Franchise Board to create GIC Re’s syndicate at Lloyd’s. “The combination of Pembroke’s specialty lines underwriting capability and GIC Re’s regional expertise will …

Ironshore’s Boren, President of U.S. Field Operations, Retiring; Frediani to Succeed

Ironshore Inc. announced that industry veteran Joseph L. Boren, president of U.S. Field Operations and a noted environmental risk expert, will retire as of year-end 2017. Boren’s role as president of U.S. Field Operations will be assumed by David R. …

Iron-Excess Names 3 to Specialty Casualty Posts for U.S., London

Ironshore announced the appointments of three executives to underwrite Specialty Casualty risk in U.S. and London markets. Iron-Excess, the excess underwriting unit of Ironshore Insurance Services formed in September 2017, has named Sonny Powers to lead the Iron-Excess Casualty unit …

Ironshore’s Singapore Branch Hikes Capacity to $50M for Political Risk Lines

Ironshore Insurance Ltd., Singapore Branch, announced an increase in capacity for political risk business lines within its Political Risk & Trade Credit unit. Available capacity now stands at US$50 million, an increase from $15 million, effective immediately. In addition, Ironshore …