Ironshore’s new owner, Chinese conglomerate Fosun International, is keen on expanding its substantial global insurance holdings, which is music to the ears of Ironshore Australia MD Katherine Simmonds, who says the acquisition will enable Ironshore Australia to pursue organic growth and expansion through acquisition.
Ironshore may be in the process of being taken over by a Chinese firm — but its roots will remain firmly entrenched in Bermuda.
Maintaining what Ironshore chief executive officer Kevin Kelley calls “the Bermuda advantage” was a key element of the $1.84 billion acquisition of the insurer by Shanghai-based Fosun International Ltd
With management given a mandate to continue what they’ve been doing — building out a global specialty i
nsurance platform — with an owner in it for the long term, Mr Kelley believes Ironshore is more strongly positioned than ever for growth.
Lloyd’s launches its Middle East platform in Dubai this March. Article speaks to some of the managing agents, including Ironshore's Pembroke Managing Agency, as well as Lloyd’s itself to get a sense of what lies ahead.
Ironshore distinguishes itself in the industry by closely aligning our claim professionals with members of the underwriting, actuarial and finance teams. This is our way of ensuring that the people who make the promises, keep the promises and that our policyholder claims are handled in a professional and expeditious manner.