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International Products

Bermuda Property

The unique culture of Ironshore was born in Bermuda. In 2006, Ironshore laid out a new model designed to be more entrepreneurial than institutional.

Give senior talent the freedom to create real change in a supportive environment and they will be more innovative and accountable. So with fresh capital and no legacy issues, founder, Robert Clements, spearheaded an initiative in Bermuda that launched what is now one of the largest Primary Property Insurance offerings. Ironshore Bermuda provides the best opportunity to diversify risk in an industry that demands a syndicated approach. This approach, combined with our senior leadership team, strong balance sheet and diversified product solutions has enabled Ironshore Bermuda to emerge as a market leader during a critical time in the insurance industry.

The Ironshore® Bermuda Property division provides All Risks Property Cover including Windstorm, Earthquake and Flood. Our team of experienced underwriters writes an array of Global, Domestic U.S. and International risks providing up to $25 million in capacity.

The Bermuda team works with clients and brokers to provide solutions tailored to their individual insurance needs, offering wordings expertise, an experienced claims team and a dedicated modeling unit. We offer prompt service and assistance on all our accounts.

General Commercial Property

Ironshore's general commercial property products focus on insuring property and business interruption coverage. Ironshore's Bermuda Property team can offer up to $25 million per account on a Primary, Quota Share, Excess of Loss or Full Value Basis. Where an account has Named Atlantic Windstorm and California Earthquake exposure, Ironshore offers up to $10 million in capacity or more where deemed appropriate.

Ironshore underwrites comprehensive coverage on commercial risks across virtually all industries.

These include, but are not limited to, the following:

  • Casinos
  • Financial Institutions
  • Healthcare Facilities
  • Hotels / Resorts
  • Manufacturing
  • Municipalities / Government Institutions
  • Office Buildings
  • Railroad / Transportation
  • Restaurants
  • Retail and Wholesale Operations
  • Schools / Colleges / Universities
  • Warehousing

Distribution is primarily through Bermuda, London and U.S. based brokers.

Underwriting Characteristics
  • Led by premier industry executives
  • Capitalization with no pre-existing or purchased insurance
  • Focus on primary specialty markets with expertise to deliver underwriting excellence
  • Lean, flexible approach with the ability to identify and respond to opportunities in geographic areas and lines of business as they arise
  • Superb service
  • Customized insurance solutions for our insureds
  • Ability to attract the best industry talent

The Ironshore Bermuda Property division takes on perils within the Energy sector including, alternative energy, asphalt, basic metals and glass, chemicals, coal-U/G + surface, cogeneration, ethanol, gas plant, geotherm, lube plant, methanol, mining- non coal, petrochemical and pipeline among other classes.

We offer up to $50M in capacity targeted for primary and low buffer layers. Minimum premium per account is $50,000.