Ironshore News

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 …

Ironshore’s New Iron-Excess MGA Is Based on Iron-Starr Excess Agency Model

Using a Bermuda joint venture between Ironshore and C.V. Starr & Co. as a model, Ironshore announced the launch of Iron-Excess on Monday. Ironshore, a Liberty Mutual company, describes Iron-Excess as an expansion of the Iron-Starr Excess underwriting agency business …

New Construction Coverage From Liberty Mutual, Ironshore Targets Integrated Projects

Liberty Mutual and Ironshore’s dedicated construction practices have introduced an Integrated Primary Wrap Up/Project Specific program offering general liability (GL) and professional liability (PL) protection for medium and large construction projects developed through design-build or integrated project delivery (IPD). Workers’ …

China’s Fosun to Continue ‘Genuine’ Overseas M&A

Fosun International, one of China’s most acquisitive conglomerates, brushed off the impact of a crackdown on overseas dealmaking and said it welcomed Beijing’s guidelines on offshore investment, as it posted a record jump in first-half profits. After several years of …

Ironshore’s Singapore Branch Introduces Legal Event Expense Cover

Ironshore Insurance Ltd., Singapore Branch, has introduced a specialty professional lines product that offers protection for after-the-event legal expenses to mitigate commercial litigation loss exposure. Ironshore’s after-the-event legal expenses product provides insurance against adverse costs awards in commercial litigation. The …

Panensky to Lead New Ironshore Computer Emergency Response Team

Ironshore Inc. has unveiled a Computer Emergency Response Team (CERT) to manage cyber claims across all product lines. CERT-Ironshore is a dedicated computer response team comprised of cyber claims coordinators representing each specialty lines division. Howard Panensky will serve as …

Ironshore’s Pembroke Agency Launches Project Cargo Consortium for Lloyd’s China Platform

Ironshore’s Pembroke Managing Agency Ltd. has launched a Project Cargo Consortium to serve the Lloyd’s China platform, offering capacity limits of up to US$178 million. Pembroke Lloyd’s Syndicate 4000 offers dedicated coverage for risk exposure and consequential loss related to …