Elizabeth Holmes tricked investors out of millions by dressing in ‘Steve Jobs’ black and pitching health care technology that didn’t work. The risk management lessons from the Theranos fiasco are both scary and insightful.
The specialty market is booming. According to the Surplus Lines Stamping Office of Texas, E&S premiums recorded by 15 managing services offices in mid-2018 were up $1.4 billion from the previous year — a 9.4 percent bump. Over the past seven years, premiums have jumped 67 percent.
With its acquisition of specialty insurer Ironshore in the Spring of 2017, Liberty Mutual Insurance has taken advantage of this growing market. We sat down with President of Ironshore U.S., Matt Dolan, to talk about how the merger boosts his company’s competitive advantage in an increasingly crowded marketplace, as well as other trends and challenges facing the industry in 2019.
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.