IronPro Enhances Stand-Alone Kidnap & Ransom Coverage for U.S.-Based Corporate Entities
IronPro, the professional and management liability unit of Ironshore Inc., has enhanced its Stand-Alone Kidnap & Ransom coverage for U.S.-based corporate entities with global ... Read More »xposure. IronPro is introducing a suite of product offerings with comprehensive terms and conditions to protect corporate executives and their families from exposure to unexpected, harmful events.
IronPro is increasing global cover capacity for limits of up to $25 million (USD), up from the current $5 million (USD) limit.
Ironshore Canada Announces Appointments to Expand Energy Practice
Ironshore International has announced the appointment of Michael Marino as Senior Vice President, Energy, for Ironshore Canada, reporting to Paul Primiani, Chairman of Ironsho ... Read More »e Canada. He will be responsible for expanding specialty business lines for Ironshore’s global suite of products, serving the Oil & Gas, Mining, Chemical and Power Generation sectors. In leading the Canada Energy team, Mr. Marino will be joined by energy underwriter, Anthony Kapsimalis, who will augment the Ironshore Global Energy Property Practice Group, under the leadership of Nigel Jobson, based in New York.
Ironshore U.S. Field Operations Appoints New Leadership for Miami and New Orleans Regions
Ironshore Inc. has appointed new leadership for the Miami and New Orleans regions, as announced by Joseph L. Boren, President of U.S. Field Operations. Daniel S. Klask will re ... Read More »ocate from New York to oversee Ironshore’s Miami office as Vice President, to advance marketing and product development for commercial lines to regional clients and brokers. Vanessa Phillips has been appointed Vice President, Branch Manager in New Orleans, responsible for broadening distribution of Ironshore specialty business lines throughout the region. Ms. Phillips will report to Ron Gleason, Regional Executive, South Central; Mr. Klask will report to Scott Fitzmaurice, Regional Executive, Southeast.
Ironshore International Announces Key Management Appointment for Asia Region
Ironshore International announced that Hui Yun Boo has been named Managing Director Asia/Pacific and Principal Officer in Singapore, effective March 2, 2015. She will be respo ... Read More »sible for overseeing business growth and product development of Ironshore specialty lines in the Asia/Pacific region that spans offices in Singapore, Hong Kong, Tokyo and Sydney, and will report to Mark Wheeler, Chief Executive Officer of Ironshore International.
Fosun Completes Strategic Equity Investment in Ironshore
Ironshore Inc. (“Ironshore”) and Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, “Fosun”) announced today that Fosun has completed ... Read More »its purchase of ordinary shares of Ironshore representing 20 percent of Ironshore’s total outstanding ordinary shares on a fully diluted basis, pursuant to the previously announced definitive agreement. Ironshore will use all of the proceeds from the share issuance to fund repurchases of outstanding equity from existing equity holders, including existing long-term, private equity shareholders. After giving effect to Fosun’s equity purchase and Ironshore’s repurchase of outstanding equity from existing equity holders, Fosun will become the largest shareholder of Ironshore.