Ironshore Inc. announces that Adriana Nariño has joined as Head of Surety for the Latin American Group, expanding capabilities for this specialty sector within the region. Ms. Nariño has more than 20 years’ experience in underwriting surety coverages for global insurance companies throughout the region. She will be based in the Miami office, reporting to Pepe Marquez, Managing Director for Ironshore in Latin America & Caribbean.
Ironshore Pembroke Managing Agency Ltd. is offering Product Contamination Recall Insurance, focusing on risk exposure within the food and beverage industries. The program was developed in response to the increasing volume of consumption product recalls averaging 25 to 30 incidents per week on a global basis. Contamination and subsequent recall occurrences can be triggered by accidental human error, malicious product tampering and product extortion throughout the manufacturing and distribution processes.
Ironshore Inc. has named Juan M. Melo to serve as the Head of Crisis Management for Latin America and the Caribbean. Mr. Melo joins Ironshore’s Miami team and will focus on the complex risk exposures of War & Terrorism and Kidnap & Ransom insurance. He will be based in the Miami office, reporting to Pepe Marquez, Managing Director for Ironshore in Latin America & Caribbean.
Ironshore Inc. announces that David P. Callaghan has been appointed to President of its Marine Re division, effective immediately. He has served as Vice President and Senior Treaty Underwriter for Marine Re since the division was established in 2009. Mr. Callaghan will be responsible for overseeing Ironshore’s global Marine Treaty portfolio and elevating awareness of Ironshore underwriting capabilities to new marine markets. He will be based in the Charlotte, North Carolina office, reporting to Tim Glover, Chief Underwriting Officer of Ironshore International.
Ironshore Inc. announces that it has reached an agreement to acquire the remaining 80 percent equity interest in Lexon Surety Group, LLC and its surety-related affiliates. Ironshore will use cash on hand to fund the purchase in an all-cash transaction expected to close in 2016, subject to regulatory approvals and other customary conditions.
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.
The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that requires United States persons, including individuals who live outside the United States, to report their financial accounts held outside of the United States, and requires foreign financial institutions to report to the Internal Revenue Service (IRS) about their U.S. clients. As Ironshore has many U.S. and internationally domiciled companies we have endeavored to comply with the FATCA regulations. All FATCA documentation is available within the following pages upon registration.