Ironshore Environmental introduces enhancement of its Contractors Environmental Legal Liability (CELL) program that provides coverage for damages resulting from pollution incidents caused by the contractor’s work. CELL is offered on an occurrence basis and can be underwritten as a practice, project or wrap-up policy, carrying a minimum deductible of $2,500. Policy limits are available from $500,000 and up to a maximum of $50 million.
Ironshore’s Construction Industry group, in conjunction with Ironshore Specialty Casualty, enhances coverage for Designers and Contractors. The specialty program offers Contractors Pollution Liability on an Occurrence basis within its combination policy covering Contractors Liability, Contractors Pollution Liability and Pollution Mitigation.
Ironshore Insurance Services LLC announces the formation of an energy equipment facility offering property and inland marine insurance coverage for on-shore middle market classes of business in the U.S. Ironshore’s Syndicated Risk Services (SRS) will underwrite the middle market sector risk on behalf of four Lloyd’s of London subscribing partners.
Ironshore Inc. announces the appointment of James R. Swan as Head of Mergers & Acquisitions Insurance, Americas. He will oversee Ironshore’s dedicated mergers & acquisitions activities for complex, multi-jurisdictional transactions within the North and Latin American regions. Mr. Swan will report to Rowan Bamford, Ironshore’s Global Head of Mergers & Acquisitions and Tax. Four additional M&A industry specialists have been named to serve in the New York office: Valentine Han, Scott G. Pegram, Victoria Rosales and Hilary Weiss. Cristina Merry del Val, Mergers & Acquisitions Production Specialist based in Miami, will also report to Mr. Swan.
Pembroke Syndicate 4000 announces the development of an endorsement to enhance the Investment Management Insurance (IMI) policy offered by the Financial Institutions unit in London. Pembroke’s new endorsement will accompany the standard IMI policy wording to clarify and expand the scope of protection against cyber risks.
Liberty Mutual is eyeing up opportunities in the US wholesale insurance market. The insurance giant’s Global Risk Solutions (GRS) portfolio contains roughly $500 million in wholesale business – a fraction of GRS’s overall $13 billion in gross written premium. In an attempt to turn that around, GRS has appointed a new head of wholesale distribution in North America, with the key aim of addressing coverage needs within the wholesale market.
Boosted by a strong economy, a healthy excess and surplus lines market is thriving despite intense competition and continued standard market encroachment into the sector, said attendees at last week’s Wholesale & Specialty Insurance Association’s Annual Marketplace in Atlanta.
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.