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06.13.2017

Bermuda Pride – Home to the 35th America’s Cup 2017

The races are on and Bermuda is bursting with excitement and pride.  On Saturday, May 27th, the 35th America’s Cup officially kicked off with fanfare, attracting a sell-out crowd of more than 8,000 people at the America Cup’s Village at the Royal Naval Dockyard.  The much anticipated, highly acclaimed international racing spectacle is underway on Bermuda’s Great Sound, culminating in the America's Cup Match presented by Louis Vuitton starting June 17th. Ironshore is fully engaged in the competition as the designated Official Insurer of ORACLE TEAM USA.

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03.31.2017

Data Science - When Big Data Isn’t an Option

These days it is impossible to go long without reading somewhere about the promise of “big data” and predictive analytics. Indeed, we live in an age when our personal data is captured and employed by a range of industries to predict behavior, customize product offerings and improve service. In the insurance sector, when we think of “big data,” we typically think of personal lines, conjuring images of vast quantities of personal information on individual insureds, ranging from where we live and what we buy, to how we drive.

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03.01.2017

Mergers & Acquisitions Insurance Can Offer Strategic Advantage

Lloyd’s of London has been a leader in the Mergers and Acquisitions insurance market for the past 15 years.  M&A insurance is on the rise as both buyers and sellers increasingly recognize that third-party insurance protection offers a valuable strategic advantage to facilitate complex, domestic or cross-border transactions. Ironshore’s Lloyd’s Pembroke Syndicate 4000, with deep merger and acquisitions expertise, leverages the strength of the Lloyd’s platform to customize programs for a variety of transactional risk exposures in jurisdictions worldwide. 

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02.06.2017

Private Sector Role in National Flood Insurance Program Reform

The National Flood Insurance Program is set to expire September, 30, 2017.  As such, there has been widespread interest from policymakers, insurers and reinsurers for private sector participation to support the future viability of the NFIP.  Private insurance companies are eager to garner a share of the $3.4 billion in premium that the NFIP wrote in 2015. However, they are only interested in writing risks at actuarially sound rates.

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01.25.2017

2017 Reauthorization and Future Viability of the National Flood Insurance Program

Congress created the National Flood Insurance Program in 1968 in response to the rising cost of taxpayer funded disaster relief for flood victims, and also to address the increasing amount of damage caused by flooding. The aim of the program was to reduce the impact of flooding by providing affordable insurance to property owners and by encouraging communities to adopt and enforce flood plan management regulations.

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