Ironshore News

Ironshore Increases Capacity to $25 Million for Energy Risks

Ironshore Energy Property has increased capacity to $25 million for energy risks throughout its global platform. This increase in capacity is available across all classes within the energy sector, including refineries, petrochemical plants, chemical plants, gas plants, pipelines, terminals, mining …

Ironshore Adds Financial Institutions Practice

Ironshore Inc. has added a new global practice focused on financial institutions and expanded its industry leadership structure to address the select, industry-specific insurance market risk. Christopher Brown of Ironshore’s Pembroke Managing Agency, based in London, has been named practice …

Ironshore Forms Executive Leadership Committee to Drive Growth Strategy

Specialty insurer Ironshore Inc. said it has formed a Group Executive Leadership Committee to formulate the firm’s strategy for continued growth and enhanced performance of its group of companies globally. The Executive Leadership Committee will address the short and longer-term …

IronPro Enters Fidelity, Crime Insurance Market

IronPro, the U.S. professional and management liability unit of Ironshore Inc., is entering the fidelity & crime insurance market with product capacity limits available of up to $30 million. Kevin Finn has been named IronPro’s Fidelity & Crime product manager, …

Ironshore Enters Yacht Insurance Sector

Ironshore Inc. is now covering high-end pleasure craft, yachts and mega yachts on a global basis. James G. Bishop, Jr., with more than 25 years experience in the maritime sector, has been named to lead the unit that will provide …

Ironshore Launches Admitted Coverage for U.S. Companies Operating Overseas

Ironshore’s U.S. Specialty Casualty unit has launched a new coverage option for U.S.-based companies with overseas operational risk exposure. Ironshore International Connect will provide excess casualty coverage for U.S. companies’ overseas operations on a locally-admitted basis, which is designed to …

Ironshore Increases Capacity for Select U.S. Specialty Lines

Ironshore Inc. will be providing coverage of up to $50 million for selected U.S. casualty lines, as of January 1, 2014. Increased capacity, up from the current limits of $25 million, will be available in the U.S. for Specialty Casualty, …

Ironshore’s U.S. Energy Unit Launches Endorsements for Upstream Risks

The Energy Unit of Ironshore’s U.S. Specialty Casualty unitis now offering enhanced insurance coverage endorsements for upstream energy risks as part of its ExcessProtect Plus Energy Commercial Excess Liability policy. The suite of endorsements provides insurance coverage for energy risks …

IICF Northeast Division Awards 16 New Grants Totaling $879,000

The Insurance Industry Charitable Foundation (IICF) Northeast division announced 16 charitable grants at its seventh annual benefit dinner on Wednesday. The total amount of the grants is $879,000. Lisa Tepper, chair of the IICF Northeast division board of directors and …

Ironshore Personal Lines Unit to Offer Excess Flood Coverage

Ironshore’s Personal Lines unit is expanding flood insurance coverage for high net worth homeowner clients. The excess flood insurance is an endorsement available on homeowners policies underwritten by Ironshore through its network of program administrators. The coverage provides an excess …