Ironshore International Appoints Rowan Bamford Global Head of Mergers & Acquisitions and Tax
Ironshore International has named Rowan Bamford as its new Global Head of Mergers & Acquisitions and Tax, effective immediately. He will oversee the Mergers & Acquisitions business lines portfolio, as well as the Tax division, throughout Ironshore’s global platform with specialist underwriters located in London, Sydney, Toronto, Singapore and Tokyo. Ironshore International simultaneously announced an increase in capacity for M&A coverages for up to $100 million (USD) for this specialty sector, up from the current limit of $75 million (USD). Mr. Bamford will report to Tim Glover, Underwriting Director, Ironshore International, based in London.
Ironshore Personal Lines to Offer New Umbrella Coverage for High Value Homeowners
Ironshore Personal Lines to offer a new Umbrella Program for high net worth homeowner insureds, with properties valued in excess of $1 million, as complementary liability coverage for losses due to unforeseen legal actions. Umbrella liability coverage is an essential component of high value property insurance to protect high net worth individuals that are targets of lawsuits with settlements that can exceed the liability limits available on most home, automobile and watercraft policies. Ironshore Personal Lines’ umbrella program provides liability coverage limits of up to $5 million as part of its High Value Homeowner property plan in select states nationwide.
Ironshore Yacht Division Collaborates On New Program With The National Boat Owners Association
Ironshore Inc. introduces a new boat and yacht insurance program in collaboration with the National Boat Owners Association (NBOA) to be available nationwide. Ironshore Premier Watercraft program, which will be offered exclusively by NBOA, provides comprehensive cover for watercraft valued below $750,000.
Ironshore Personal Lines Introduces Home & Family Security Endorsement For High Net Worth Insureds
Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families. Designed to meet the needs of high net worth individuals, the endorsement provides coverage in the event the insured (including family members) experiences a home invasion, carjacking, hijacking, kidnapping, child abduction, stalking or bullying event. Should any such event occur, endorsement coverage will also include death and dismemberment benefits. Offered by Ironshore’s Personal Lines unit, this enhanced coverage endorsement will be available to homeowners insured with primary coverage on properties valued at $1 million or more in select states nationwide.
Ironshore Establishes Chinese Investment Practice Group to Identify U.S.-Based Growth Opportunities
-New Initiative To Be Led By Toby Smith -
Ironshore Inc. announces the formation of the Chinese Investment Practice Group, building upon its relationship with Fosun International, to identify Chinese investment opportunities in U.S.-based companies and assets. Ironshore’s new initiative is being established to address market outlook projections that foresee Chinese investment in U.S. entities may reach $200 billion per year by 2020.