Fosun to Make Strategic Equity Investment in Ironshore
Ironshore Inc. (“Ironshore”) and Fosun International Limited (HKEx stock code: 00656, together with its subsidiaries, “Fosun”) announced today that they have entered i ... Read More »to a definitive agreement for Fosun to purchase ordinary shares of Ironshore that would represent 20% of Ironshore’s total outstanding ordinary shares on a fully diluted basis. Ironshore will use all of the proceeds from the share issuance to fund repurchases of outstanding ordinary shares from existing shareholders, including existing long-term private equity shareholders. After giving effect to Fosun’s equity purchase and Ironshore’s use of proceeds, Fosun will be the largest shareholder of Ironshore.
Ironshore Appoints Regional Manager of Surety for Latin America and Caribbean
Ironshore Inc. is pleased to announce the appointment of Norbert Kruger as Regional Manager of Surety for Latin America and the Caribbean. Mr. Kruger will join the Latin Ameri ... Read More »a team, based in Miami, Florida, and also will be a member of Ironshore’s global surety team to help leverage Ironshore’s growing surety capabilities in Latin America.
Ironshore Personal Lines Offers Boat & Watercraft Coverage for High Net Worth Homeowners.
Ironshore’s Personal Lines unit now offers an endorsement option for personal watercraft coverage for high net worth insured homeowners. Ironshore’s watercraft program pro ... Read More »ides “All Risk” coverage for watercraft, including jet skis and boats.
IronHealth Offers Enhanced Healthcare
IronHealth, the specialty healthcare unit of Ironshore Inc., has enhanced its Healthcare Professional Liability (HPL) insurance product, increasing limits to $50 million and b ... Read More »oadening the scope of coverage to address the emerging exposures healthcare organizations are facing in a post-healthcare reform environment.
Ironshore Inc. to Enter Small to Mid-Size Commercial Insurance Market
Ironshore Inc. has announced plans to create a Small & Medium Enterprise initiative that will target small and middle market size risks in the commercial insurance sector. Iro ... Read More »shore is in the process of enhancing program offerings by developing a technology- driven distribution platform to provide decision makers with an accessible, streamlined approach for comparing and securing insurance coverage specific to small and middle market business exposures. Ironshore’s new initiative will be led by Erin Calvey, Executive Vice President, responsible for the strategic development and management of the SME platform, reporting to Shaun Kelly, President and Chief Executive Officer of Ironshore U.S. Operations.