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Press & News

2016 Press Releases

Date: 02.05.16

Ironshore Specialty Casualty Names New Head of Public Entity Lines

Ironshore Inc’s. Specialty Casualty unit has named Merle E. Shapiro to the position of Product Line Manager for Public Entity Lines. She will be responsible for expanding Ironshore’s Public Entity practice and building upon its platform of serving municipal and state governmental units, special public facilities, school districts and higher educational institutions. Ms. Shapiro is based in Ironshore’s San Francisco office, reporting to Kevin Whitehead, Chief Underwriting Officer of the Specialty Casualty unit.

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Date: 01.26.16

Ironshore Names Ronald Gleason to Head Global Energy Industry Practice Group

Ironshore Inc. has named Ronald A. Gleason to assume the position of Global Energy Industry Practice Leader, effective immediately. Mr. Gleason, Senior Vice President, currently serves as Ironshore Regional Executive for South Central, based in Houston, and will continue in that role. He will be responsible for developing integrated insurance solutions for the Energy sector in alignment with Ironshore underwriting specialists throughout its global platform. Ironshore established the vertical Industry Practice Leadership structure more than three years ago to address distinct sector-specific risks. The industry practice leaders leverage Ironshore’s network of dedicated specialty production specialists to provide insureds and brokers with optimal coverage solutions. “Ironshore Energy lines realized a growth rate of nearly 10 percent last year, signaling an opportunity to further broaden specialty sector coverage offerings across our various lines of business worldwide,” stated Kevin Kelley, Chief Executive Officer of Ironshore. “Ron will assume leadership in building upon the industry practice group strategy to foster continued progress through innovative product development and productive client relationships.” Mr. Gleason has more than 30 years’ experience as a specialty underwriter in the energy sector. He joined Ironshore in 2009 to establish the Houston office. Previously, as of 2000, he led the regional energy operation of AIG Global Energy after having served for more than five years as Profit Center Manager for the AIG Energy division. Ironshore’s Energy Industry Practice underwrites comprehensive coverages on commercial risks across virtually all classes within the specialty Energy sector worldwide, including Casualty, Environmental, Global Property, International Liability and Professional Liability lines, among others. In addition to Energy, Ironshore global industry practice groups are Construction, China Client Services, Financial Institutions, Healthcare, Personal Lines and Real Estate sector risks. About Ironshore Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks located throughout the world. Select specialty coverages are underwritten at Lloyd’s through Ironshore’s Pembroke Syndicate 4000. The Ironshore group of companies is rated A u (Excellent) by A.M Best with a Financial Size Category of Class XIV. Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best, AA- (Very Strong) by Fitch, and A+ (Strong) by Standard & Poor’s. For more information, please visit: www.ironshore.com

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Date: 01.22.16

Ironshore Opens Seattle Branch Office to be Led by Daniel Sonon

Ironshore Inc. has announced the opening of a branch office in Seattle, to be led by Daniel Sonon as Branch Executive. Mr. Sonon will be responsible for marketing across all Ironshore business lines, reporting to Jeremy Frumkin, Branch Executive based in San Francisco.

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Date: 01.19.16

Ironshore Builders’ Risk Expands Coverage for Wood Frame Commercial Construction

Ironshore Global Property will expand its Builders’ Risk coverage to include wood frame commercial construction projects in the U.S. and Canada. The stand-alone policy offering will protect against property risks of large scale, commercial wood frame structures during the course of construction. Capacity limits are available up to $15 million to be underwritten on a quota share basis for both Wholesale and Retail producers for selected wood frame construction projects.

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Date: 01.13.16

Ironshore International Establishes Lloyd’s China Platform in Shanghai

Ironshore International announces that its subsidiary, Pembroke Managing Agency, will establish an office in Shanghai in January 2016 as part of the Lloyd’s China platform. In Shanghai, Pembroke Managing Agency will underwrite specialty lines of business, initially focusing on the Agriculture, Marine and Healthcare sectors. Ms. Tracy Ma has been appointed Underwriting Manager of the entity, reporting to Hui Yun Boo, Managing Director of Ironshore’s Asia/Pacific region.

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2015 News

Date: 07.07.15

The Truth About the Keystone Pipeline

Risk & Insurance, "The Truth about the Keystone Pipeline," By Joe Boren in Risk Insider Column.

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Date: 07.07.15

Terrifying Experiences

Michael Sharp, lead underwriter for Kidnap & Ransom at Ironshore International, featured in Risk & Insurance article discussing the growth of kidnap and ransom.

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Date: 07.07.15

Ironshore's Kelley on Innovation

Kevin Kelley featured in the Insurance Innovators Interview series for Carrier Management's June 2015 issue.

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Date: 05.19.15

CEO: Fosun Merger Will Strengthen Ironshore

Ironshore may be in the process of being taken over by a Chinese firm — but its roots will remain firmly entrenched in Bermuda. Maintaining what Ironshore chief executive officer Kevin Kelley calls “the Bermuda advantage” was a key element of the $1.84 billion acquisition of the insurer by Shanghai-based Fosun International Ltd With management given a mandate to continue what they’ve been doing — building out a global specialty i nsurance platform — with an owner in it for the long term, Mr Kelley believes Ironshore is more strongly positioned than ever for growth.

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Date: 05.19.15

New Parent Paves Way for Ironshore Acquistion

Ironshore’s new owner, Chinese conglomerate Fosun International, is keen on expanding its substantial global insurance holdings, which is music to the ears of Ironshore Australia MD Katherine Simmonds, who says the acquisition will enable Ironshore Australia to pursue organic growth and expansion through acquisition.

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