Ironhealth Increases Capacity to $20M for Life Sciences
IronHealth, the specialty healthcare unit of Ironshore Inc., announced that it will provide capacity of up to $20 million for its Life Sciences business lines, an increase fro ... Read More » the current limits of $15 million. Enhanced capacity for product liability coverages will be available for all classes of business within the Life Sciences unit, including pharmaceutical, biotechnological and medical device manufacturing.
Ironshore International Introduces a Property Coverage Enhancement for M&A
Ironshore International is introducing a Property coverage enhancement to its Mergers & Acquisitions business lines. Ironshore’s M&A Property offers buyers’ protection for ... Read More »both on and offshore structured transactions that involve property assets and vehicles. Program cover insures general and tax warranties and can also augment additional layers of protection for title and tax residency risk exposures.
Ironshore International M&A Division Introduces Coverage for Environmental Risks
Ironshore International has announced that its Mergers & Acquisitions Unit will enhance insurance coverages to address environmental risks that arise during a transaction. Env ... Read More »ronmental insurance cover can be integrated into a broader mergers and acquisitions program to protect the insured against existing and future operational risk exposure. Ironshore environmental coverage includes first and third-party exposure for reimbursement of cleanup and remuneration costs, and third-party liabilities arising from damage surrounding sudden, accidental and gradual pollution incidents. Ironshore’s M&A environmental program insures warranty risk, reflecting the operational and historic risks of the designated business entity.
Ironshore Expands Architects & Engineers Program to Deepen Liability Coverage for Contractors
Ironshore Inc. is expanding its capabilities for Architects and Engineers, offering project specific policies for contractor design firms. Valerie Onderka has been hired to le ... Read More »d this initiative and will underwrite project specific policies, as well as professional liability policies for contractor design firms with the collaborative, specialized expertise of Ironshore’s U.S. Specialty Casualty unit and IronPro, its professional liability management unit.
Fosun to Make Strategic Equity Investment in Ironshore
Ironshore Inc. (“Ironshore”) and Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, “Fosun”) announced today that they have entered i ... Read More »to a definitive agreement for Fosun to purchase ordinary shares of Ironshore that would represent 20% of Ironshore’s total outstanding ordinary shares on a fully diluted basis. Ironshore will use all of the proceeds from the share issuance to fund repurchases of outstanding ordinary shares from existing shareholders, including existing long-term private equity shareholders. After giving effect to Fosun’s equity purchase and Ironshore’s use of proceeds, Fosun will be the largest shareholder of Ironshore.