Fosun Completes Acquisition of the Remaining Interest in Ironshore
Ironshore Inc. (“Ironshore”) and Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, “Fosun”) announced today that Fosun has completed the acquisition of the remaining 80% equity interest in Ironshore.
Ironshore Appoints Emily Merola to Lead New Branch Office in Pittsburgh
Ironshore Inc. has named Emily C. Merola as Branch Executive of the Western Pennsylvania and West Virginia region to lead development efforts in the newly established Pittsburgh office. Ms. Merola will be responsible for distribution marketing and product development for commercial lines, reporting to Kevin J. Fee, Regional Executive of the Mid-Atlantic Region.
Ironshore Specialty Casualty Offers New Endorsements for Manufacturer Sector Product Risk
Ironshore Specialty Casualty has created a new suite of endorsements to address the Products Liability exposure of manufacturers and distributors. Coverage is underwritten on a primary basis with limits available of up to $5 million on an occurrence or claims-made basis. Ironshore’s customized manufacturer-specific endorsements provide coverage for the insureds’ vendors and additional insureds to meet common industry contractual requirements. Most notably, Ironshore's suite of new endorsements provides limited professional liability coverage and Crisis ThreeSixty, a crisis response service with recall reimbursement of up to $150,000 in addition to the primary policy limit.
Ironshore Acquires Reinsurance Renewal Rights to Novae Group's Agriculture Portfolio
Ironshore International announces the acquisition of the reinsurance renewal rights to Novae Group’s global agriculture reinsurance portfolio. The transfer is conditional on Lloyd’s approval and is expected to be completed in November 2015. Novae’s team of five Agriculture Reinsurance underwriters will merge with Ironshore’s existing global agriculture business group, led by Catherine Besselman, Ironshore Global Divisional Director, Agribusiness.
Ironshore Named Official Insurer of Oracle Team USA for 2017 America’s Cup
Ironshore Inc. has been named Official Insurer for ORACLE TEAM USA for the 35th America’s Cup. Ironshore will provide comprehensive insurance coverage for the team, from the Louis Vuitton America’s Cup World Series Bermuda regatta, taking place Oct. 16-18, 2015, through to the America’s Cup finals in Hamilton, Bermuda in June 2017.