Ironshore® board consists of 16 members comprising of senior management, founders and advisors, as well as affiliates of the company's major private equity investors (Irving Place Capital, Corporate Partners, Calera Capital, TowerBrook Capital Partners and Greenhill Capital Partners and GTCR). Our board members bring a wealth of knowledge and insurance experience to the table. They have long track records of understanding and managing insurance market risk.
Kevin H. Kelley is Chief Executive Officer of Ironshore Inc. and Chairman of Ironshore Holdings (U.S.) Inc. Prior to Ironshore, Mr. Kelley had been with Lexington Insurance Company, a Division of AIG, since he started there in 1975 as a Senior Underwriter. In 1987, he was elected President and Chief Executive Officer of Lexington Insurance Company and since 1997, he had served as Chairman of the Board and Chief Executive Officer. Mr. Kelley has served a variety of other roles including Executive Vice President of AIG Property Casualty Group and President of AIG Domestic Personal Lines. Mr. Kelley graduated from Boston University with a B.S. in Business Administration from Boston University School of Management in 1972. He earned his CPCU designation in 1980.
Mr. Kelley, a lifelong New England resident, has a long history of community service, and is currently on the Board of Trustees of Caritas - Saint Elizabeth's Medical Center in Boston, Massachusetts; Big Brothers of Massachusetts Bay in Boston, Massachusetts; Cardinal Spellman High School in Brockton, Massachusetts; Advisory Board to the Dean of Boston University School of Management in Boston, Massachusetts; and Board of Overseers of WBUR in Boston, Massachusetts.
Shaun Kelly is President and Chief Executive Officer of Ironshore's U.S. Operations. Prior to joining Ironshore, he was President and Chief Operating Officer of Lexington Insurance Company, a Division of AIG. At Lexington, Mr. Kelly's responsibilities included overseeing the day to day operations of the Boston based company's Casualty, Property, Healthcare and Program businesses, in addition to the National Branch Underwriting Unit and branch offices in Canada, London and Bermuda. Mr. Kelly was also Vice President of AIG Property Casualty Group and Chief Executive Officer of Risk Specialties Companies, Inc., the largest Surplus Lines broker of Specialty Insurance products in the US, providing business on behalf of Lexington and other specialty carriers. Having worked at AIG since 1986, he held a number of senior management positions with AIG's Environmental Operations, AIG Risk Management and Industry Specialties Groups. Mr. Kelly received his Bachelor of Science degree from State University of New York at Oneonta.
Jonathan Bilzin is a Senior Managing Director of TowerBrook Capital Partners L.P., a private equity firm, where he has worked since it its formation in March 2005. He serves on TowerBrook's Investment Committee, Portfolio Committee and Risk Committee. From August 1999 until the formation of TowerBrook, Mr. Bilzin was a partner at Soros Private Equity Partners. From July 1994 until July 1997, Mr. Bilzin was a member of the Principal Investment Area and Real Estate Principal Investment Area of Goldman Sachs. Mr. Bilzin earned a B.A. from the University of Michigan and an M.B.A. from the Stanford Graduate School of Business.
Boris Gutin is a Managing Director of GCP Capital Partners and a member of its Investment Committee. GCP Capital is a private equity investment fund focused on financial services, insurance, energy and business services investments. Mr. Gutin joined GCP's predecessor fund, Greenhill Capital Partners, in 2003 and joined GCP at its formation in 2009. Prior to Greenhill Capital Partners, Mr. Gutin was an Associate at American Securities Capital Partners, a middle-market private equity fund, and was in the Principal Investment Area and the Leveraged Finance Group at Goldman, Sachs & Co. Mr. Gutin has led or been on the investment team for the majority of Greenhill Capital Partners' financial services and insurance investments. Mr. Gutin's current and prior directorships include Trans-Fast Remittance, Acrisure Insurance, Clearview Risk, Hercules Offshore and Ironshore. Mr. Gutin is a graduate of Johns Hopkins University and has an M.B.A. from Harvard Business School
John Clements is the Managing Partner of Tara Investment Partners LLC, a private investment partnership that invests in the insurance industry and was a co-founder of Integro Ltd. and Ironshore Inc. From 1995 until 2005, he was a Principal of MMC Capital, Inc. (now Stone Point Capital LLC), a private equity firm that serves as the manager of the Trident Funds, which have raised in excess of $10 billion in committed capital to make investments in the insurance and financial services industries. Previously, he was with Bankers Trust Company (now Deutsche Bank) where he held various positions from 1987 to 1995.
Mr. Clements has served as a director and represented the founding investors in various 'start-up' companies in the insurance industry, including Advisen Ltd., Altus Ltd. (now part of Arch), American Strategic Insurance (ARX Holding Corp.), Global Specialty Risk, Inc. (now part of AIG), Integro, Ironshore and James River Group, Inc. He was also involved in the creation of Axis Capital Holdings (AXS - NYSE) and currently serves on the Board of Overseers of the School of Risk Management at St. John's University. He holds a B.A. from Dartmouth College and an M.B.A. from the Anderson School at the University of California, Los Angeles.
Aaron Cohen joined GTCR in 2003 as an Associate and became a Principal in 2011. He was instrumental in GTCR's past Investment in Prestige Brands. Mr. Cohen previously worked as an analyst at the private equity firm of Hicks, Muse, Tate & Furst. Prior to that he worked as an analyst in the Mergers & Acquisitions Group of Salomon Smith Barney. Mr. Cohen earned a BS in Accountancy, with high honors, from the University of Illinois at Urbana-Champaign. He is a Certified Public Accountant. Mr. Cohen is currently a Director of Ironshore, Inc., AssuredPartners, BankServ and Protection 1.
David Donnini joined GTCR in 1991 and became a principal in 1993. He also worked as an associate consultant with Bain & Company. Mr. Donnini's directorships include Cardinal Logistics Management, Wilton Products, Fairmount Food Group, Golden Gate Logistics, Ironshore, Inc., Triad Financial and Wallace Theaters. He also has been instrumental in past GTCR investments such as Cambridge Protection, HSM Electronic Security Monitoring, Prestige Brands, Coinmach, Gensar and Polypore.
Prior to joining GTCR, he earned his BA in Economics from Yale University, where he graduated summa cum laude. Mr. Donnini also holds an MBA from Stanford University, where he was an Arjay Miller Scholar and the Robichek Finance Award winner.
James Halow is a Principal of Calera Capital (formerly Fremont Partners). Within this small group of professionals, Mr. Halow has led in the evaluation of a number of investments in financial services, building products, and a range of other industries. He also works closely with the management teams of Calera portfolio companies to develop strategies and financial and operational objectives. Prior to joining Calera Capital in 2000, Mr. Halow worked for Salomon Smith Barney's Technology Investment Banking Group in San Francisco. Mr. Halow graduated Phi Beta Kappa from Stanford University with a B.A. degree in Economics and English. Mr. Halow serves on the Board of Directors of the Okizu Foundation.
Keith Hynes serves on the Ironshore Inc. Board of Directors as the Chairman of the Audit Committee. Since 2009, he has served as the Chairman of the Board of directors of Majestic Capital, Ltd., a P&C insurance company headquartered in Hamilton, Bermuda. From September 1999 until his retirement in March 2007, Mr. Hynes served as Executive Vice President and Chief Financial Officer of Max Re Capital Ltd. From 1994 to 1999, Mr. Hynes held various senior management positions, including chief financial officer, at Renaissance Re Holdings, Ltd. From 1983 to 1994, Mr. Hynes held various positions, including chief financial officer, at Hartford Steam Boiler Inspection and Insurance Co, and from 1978 to 1983, he held various positions at Aetna Life and Casualty Company. Mr. Hynes served as a director of Grand Central Re Ltd. from 2001 until 2007 and as a director of DaVinciRe Holdings Ltd. from 2001 to 2006. Mr. Hynes is a chartered financial analyst admitted to the CFA Institute. Mr. Hynes graduated from the State University of New York at Albany with a B.S. in math and computer science and holds an M.B.A. in Finance and Accounting from the Amos Tuck School of Business at Dartmouth College.
Jonathan H. Kagan is a Managing Principal of Corporate Partners. Previously, Mr. Kagan was a Managing Director of Corporate Partners I, which he joined in 1990, and of Centre Partners Management LLC, which managed the Centre Capital funds. He began his career in the investment banking division of Lazard in 1980 and became a General Partner in 1987. At Lazard, Mr. Kagan helped head the corporate finance and capital markets areas. He currently serves on the Board of Directors of Gevity HR Inc. and is or has been a member of the Board of Directors of a number of NYSE- and NASDAQ-listed companies and private companies. Mr. Kagan received an M.A. (1st Hon.) from Oxford University and an A.B., summa cum laude and Phi Beta Kappa, from Harvard College.
David King is a Senior Managing Director of Culpeper Capital Partners, a private equity firm he founded in early 2011 that is focused on investments in the financial services sector. Prior to starting Culpeper Capital, Mr. King was a Senior Managing Director at Irving Place Capital focusing on investments in the financial and business services sectors and was a member of Irving Place Capital's Invesment and Advisory Committees. He serves on the boards of Doral Financial Corporation (NYSE: DRL) and a number of private companies. In addition, Mr. King is a member of the advisory board of Falconhead Capital, LLC. Previously, he was a Managing Director of McCown De Leeuw & Co., where he worked from 1990 to 2000. Mr. King's experience includes General Atlantic Partners, Schlumberger, and Sohio Petroleum. He received an MBA from Stanford University, a MS from Stony Brook University, and a BA from Rice University. He is a member of the Stony Brook University Graduate School Dean's Council.
Douglas R. Korn is a Senior Managing Director of Irving Place Capital, a middle-market private equity firm, focusing on industrial and consumer products. Prior to joining IPC at the end of 1998, Mr. Korn worked in private equity as a Managing Director of Eos Partners and as a Vice President of Blackstone Group, after beginning his career in investment banking at Morgan Stanley. He has served as chairman and/or a member of the board of directors of numerous private and public companies over a 24 year career in private equity. Current boards include Victor Technologies, Playcore Industries, CH4 Energy and Ironshore. Mr. Korn holds an MBA from Harvard Business School, with high distinction as a George F. Baker Scholar, and a BS in Economics with honors, from the Wharton School at the University of Pennsylvania.
Dennis L. Mahoney has worked in the insurance industry for over 40 years and under his leadership, Aon led the way in numerous market initiatives that changed the way business is done in the industry. From 1997 until his retirement in 2009, he held various high level positions at Aon including Chairman & CEO of Aon Group Limited and Chairman of Aon Global. Mr. Mahoney began his career at Price Forbes in 1969 on the claims side before moving into broking. In 1982, Sedgwick Ltd. acquired Price Forbes, appointing Mr. Mahoney as the youngest director to the Board at the age of 32. He joined Alexander Howden in 1984 and held various positions through1997 including Chairman & CEO of UK Operations as well as Chairman & CEO of Alexander Howden.
Among his many other leadership roles, Mr. Mahoney served as the first Chairman of the World Insurance Network and as past President of the Insurance Institute. After the 9/11 tragedy, he served as Chairman of Troika, a UK government-sponsored insurer created to provide critical insurance coverage that was not available in the commercial market at the time. Mr. Mahoney successfully completed the Program Management Development course at Harvard Business School. He now resides in Bermuda.
Michael E. Morrill served as a Vice President of AXIS Specialty U.S. Holdings, Inc. and AXIS Specialty U.S. Services, Inc. Mr. Morrill served as the Chief Executive Officer of AXIS Re U.S. of Axis Capital Holdings Ltd. from August 2002 until July 2011 and served as its President. Mr. Morrill has over 20 years of experience in the insurance and reinsurance industry. From 2001 to 2002, he served as the President and Chief Executive Officer of Gerling Global Reinsurance Corporation of America. From 1996 to 2001, he served as Chief Underwriting Officer for North America and Senior Vice President at Transatlantic Reinsurance Company. He has also held senior management and underwriting positions at Munich American Reinsurance Company, Cologne Reinsurance Company of America and Christiania General Insurance Company. Mr. Morrill served as Chairman of AXIS Reinsurance Company and as the Deputy Chairman of AXIS Re Limited, Bermuda. Mr Morrill graduated from Carleton College with a B.A. In Mathematics in 1981 and a MBA in Finance from Fordham University in 1988.
Joshua H. Neuman is the Chief Investment Officer of the Straus Group, a single family office. Prior to joining the Straus Group, Mr. Neuman was a Managing Director of Irving Place Capital (formerly BSMB), a middle market private equity firm. Prior to joining BSMB, Mr. Neuman worked at Donaldson, Lufkin & Jenrette in the Real Estate Merchant Banking and Leveraged Finance groups. Mr. Neuman holds an M.B.A., with high distinction as a George F. Baker Scholar, from Harvard Business School and a B.S. in Economics, summa cum laude, from The Wharton School, University of Pennsylvania.
Ronald A. Sandler is chairman of Ironshore, having joined the Board in October 2007. He has many years of global financial services experience and is a recognized leader within the London insurance market. His early career was with the Boston Consulting Group, Booz Allen & Hamilton, and as Chief Executive of Martin Bierbaum Group and Exco. Mr. Sandler was Chief Executive Officer of Lloyd's of London from 1995 until 1999, playing a key role in Lloyd's Reconstruction and Renewal, and subsequently Chief Operating Officer of NatWest Group. He has been chairman of numerous companies, including Northern Rock, Phoenix Group and Paternoster, and is a member of the advisory board of Palamon Capital Partners. He has an MA in engineering from Cambridge University and an MBA from Stanford University.
Eric A. Simonson serves on the Ironshore Inc. Board of Directors as Chairman of the Investment Committee and member of the Audit Committee. From 2002 until his retirement in 2008, he was Senior Vice President and Chief Investment Officer of Allstate Insurance Company. From 2000 to 2002, he served as Corporate Advisor to Samsung Life Insurance Company, and from 1996-2000 he was Senior Vice President and Chief Investment Strategist at John Hancock Financial Services. Prior to that, from 1975-1996, Mr. Simonson held various executive positions in the investment group of Prudential Insurance Company of America including serving as President of its institutional asset management business. Mr. Simonson graduated with an A.B. from Princeton University and with an MBA, Beta Gamma Sigma, from Columbia University. He was a United States naval officer from 1967-1973.
Mark Williamson is a Managing Partner of Calera Capital and a member of the General Partner. Prior to joining Calera Capital in 1996, Mr. Williamson was Managing Director at the Harvard Private Capital Group, Inc., where he was a member of a small team responsible for managing a $1.6 billion private equity portfolio. Mr. Williamson was responsible for a number of significant investments across a range of industries. Previously, he was an Associate at ESL Partners, Inc., a private investment partnership pursuing value-oriented investments in private and public equity and debt securities. He began his career at Goldman Sachs International Corporation and McKinsey & Company, Inc.
Mr. Williamson currently serves as Chairman of the Board of Direct General Corporation (non-standard auto insurer) and as Chairman of the Board of IPS Corporation (adhesive cements, structural adhesives and niche plumbing products). He also serves as a Director of Ironshore Corporation (commercial property and casualty insurer). Mr. Williamson is the former Chairman of the Board of Directors of Specialty Brands, Inc. (frozen food products), a former Director of Juno Lighting, Inc. (NASDAQ, recessed and track lighting fixtures), a former Director of Software Architects, Inc. (provider of IT services to Fortune 500 clients), and a former Director of Tarquin PLC (international marine insurance).
Mr. Williamson earned a B.A. from Oxford University and an M.B.A. from Harvard Business School, where he was a Baker Scholar, a Kennedy Memorial Scholar, and recipient of the Loeb Rhoades Fellow finance prize.
Paul J. Zepf is a Managing Principal of Corporate Partners. Previously, he was a Managing Director of Corporate Partners I, which he joined in 1989, and of Centre Partners Management LLC, which managed the Centre Capital funds. He began his career with the Merchant Banking Department of Morgan Stanley & Co. in 1987. Mr. Zepf is currently or has been a member of the board of directors of a number of NYSE- and NASDAQ-listed and private companies. He received a B.A. in Economics, summa cum laude and Phi Beta Kappa, from the University of Notre Dame.