Ironshore Inc. announced that Joseph L. Boren has been appointed Executive Vice President of Ironshore Insurance Services, LLC and will be President of U.S Field Operations. John O'Brien, currently President of Ironshore Environmental, has been named that unit's Chief Executive Officer, assuming responsibility from Boren, who held that position for three years. Steve England will be Executive Vice President of Wholesale Distribution.
Ironshore Inc. announced that Kelly Wolfram has joined as Vice President and Midwest Casualty Manager in the Chicago office. Ms. Wolfram brings more than 27 years of insurance experience to Ironshore, having most recently served as Assistant Vice President of Excess Casualty with Navigators Management Company in Chicago.
Ironshore Inc. announces that Paul S. Giordano, Executive Vice President, General Council and Secretary, has been named the Co-Chair of the Financial Services Policy Committee at The New England Council based in Boston, where Ironshore's U.S. group headquarters are located. Mr. Giordano will serve with Jim Febeo, Senior Vice President of Government Relations at Fidelity Investments, in leading the committe's mission to identify and support policies that promote the financial services sector in New England.
Ironshore Inc. announced that Tracey Sharis has joined its Specialty Casualty unit as Vice President. Ms. Sharis will be responsible for expanding Ironshore's distribution of retail and construction insurance programs within the U.S. She will also work closely with the Ironshore retail and Specialty Casualty and IronBuilt teams to enahance marketing and product development initiatives, reporting to Ben Beauvais, head of IronBuilt and Senior Vice President of Specialty Casualty.
Ironshore Inc. has appointed industry specialist Richard Northcott as Director of High Value Cargo business lines at Pembroke Managing Agency Limited, based in London. Mr. Northcott will be responsible for overseeing and building Pembroke's existing portfolio of fine art, specie, valueable belongings, and high net worth assets.
Ironshore Australia has announced the estabilshment of its Merger & Acquisition suite of products. Ironshore Australia's M&A insurance products include Buyer, Seller, Tax and Environmental warranties coverage.
IronHealth, the specialty healthcare unit of Ironshore Inc. is offering medical professional liability coverage for federally qualified health centers to provide protection for deemed and non-deemed healthcare services, as well as other coverage enhancements. IronHealth's Health Qualified Center Medical Professional Liability product is a wrap-around policy to protect against potential liability risk exposures for medical facilities that treat low- to moderate-income patients.
Ironshore Australia announced enhancements to its Professional Liability policies for Defense Cost coverage in response to the recent decision of the High Court of New Zealand. Ironshore Australia insurance solutions are tailored to provide affirmative defense cost coverage on policies that are being made available within the New Zealand and Australian markets.
Ironshore Inc. announced that its Specialty Casualty unit has entered into a joint program relationship with NIF Group to provide specialized coverages for Social Services and Home Medical Equipment Dealers accounts. Ironshore's new Human Services and Home Medical Equipment Dealers Program ("HSHMD Program") will be managed and distributed by NIF on behalf of Ironshore for this targeted class of business nationwide.
IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a customized insurance program to address the institutional risk exposure created by the specific resporting requirements of Section 111 of the Medicare, Medicaid and SCHIP Extension Act of 2007 ("MMSEA").
IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a companion policy for existing insurance clients to complement its suite of Professional and General Liability coverages for nursing home facilities.
IronHealth, the specialty healthcare unit of Ironshore Inc., has expanded its Government Billing Errors & Omissions product suite to include a policy form tailored to meet the unique needs of Managed Care Organizations ("MCO").
Ironshore Inc. has named Rick Wood to service as Vice President of Wholesale Casualty, based in St. Louis. Mr. Wood will be responsible for the production of primary and excess surplus lines business with wholesale brokers nationwide, reporting to Tim McAuliffe, President of Ironshore Specialty Casualty.
Ironshore Inc. announced that Kevin H. Kelley, Chief Executive Officer, has been appointed to serve on the Board of Overseers for St. John's University School of Risk Management. Mr. Kelley joins a prestigious roster of leading insurance industry executives dedicated to advancing the educational platform of this 100-year old institution based in New York City.
Ironshore Inc. has appointed Adam Witten to serve as Vice President and Regional Executive for the Southwest Region, based in the Los Angeles office. Mr. Witten will be responsible for directing and executing Ironshore strategic direction throughout the Southwest area, reporting to Steven England, Executive Vice President of Ironshore Field Operations.
Ironshore Inc. announced that its Specialty Casualty unit has introduced a dedicated program to provide excess coverage for NationsBuilders Insurance Services (NBIS), the industry leader in specialized heavy construction risk.
IronHealth, the specialty healthcare unit of Ironshore Inc., has entered into an agreement with RL Solutions to help clients manage hospital professional liability risk. The relationship with RL Solutions will enable IronHealth hospital clients to take advantage of preferred access with one of the leading developers of customized solutions for managing healthcare risk.
Ironshore Inc. has appointed two executives dedicated to the U.S. Public Entities and Energy Casualty sectors offered through it's Specialty Casualty unit. Susan Kostro, Senior Vice President of Specialty Casualty, will assume responsibility for building the Public Entities business in response to demand for complex risk protection from diverse public and government organizations and other non-profit institutions. Paul Garrot has joined the Energy Casualty practice as Product Lines Manager.
Ironshore Inc. announced today that it's Lloyd Pembroke Syndicate 4000 has launched a Commercial Crime unit as an expansion of it's Financial Lines Operations. Sarah Markham has been named Director of the new unit, reporting to Christopher D. Brown, Director and Deputy Underwriter of Pembroke Managing Agency Limited.
Ironshore Inc. has announced that the company is broadening its relationship with Equinox Global Limited to extend additional underwriting capacity to its trade credit insurance market program. Ironshore will provide increased capacity on a facultative basis for all eligible territories to meet the growing insurance demands of Equinox Global, a Managing General Agent specializing in trade credit.
Ironshore Inc. has entered the social network space to provide timely corporate news and information to the insurance industry through LinkedIn and Twitter, allowing clients, brokers, partners, and employees to access the most up to date information.
A.M. Best has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICRs) of "a-" for Ironshore's operating subsidaries. The operating subsidaries include Ironshore Insurance Ltd. (Bermuda), Ironshore Indemnity Inc. (Minnesota), Ironshore Specialty Insurance Company (Arizona), and Ironshore Europe Ltd. (Ireland).
For more information on Ironshore's stable ratings, download the press release below.
Ironshore Inc. announced that Ironshore Europe Limited, domiciled in Dubin, Ireland, has received approval from the Central Bank of Ireland, to open a branch office in London. Paul Betts, has been named the London Branch Manager and will lead the London initiative, reporting to Ms. Fiona Marry, Chief Executive Officer of Ironshore Europe Limited.
Ironshore Inc. has announced an increase in capacity to $25 Million for the Financial Lines division for Iron-Starr Excess Agency, Ltd. The limit increase is written on a gorss limit basis and is the result of securing additional insurance collaboration within this specialty lines sector. For more information, download the PDF below.
IronPro, the professional liability unit of Ironshore Inc., has announced the introduction of a comprehensive Kidnap & Ransom product, offering limits up to $5M. This product provides a broad range of liabilty protection faced by global corporations, including both kidnap and alleged kidnap for ransom, detention, hijacking, as well as bodily injury, property damange and product/trade secret extortion. For more information, please click below to read the press release.
Ironshore Environmental has enhanced its asset-class specific Site Pollution Incident Legal Liability Select (SPILLS) suite of products to address risk exposures within the education sector, including public and private K-12 schools, colleges, universities and other educational facilities. For more information on coverage provided, click below to read the press release.
A.M. Best has assigned a rating of A- (Excellent) for financial strength and an issuer credit rating of "a-" to Ironshore Europe Limited ("Ironshore Europe"), domiciled in Dublin, Ireland. For more information, please refer to the press release below.
Ironshore Canada Ltd. has announced the creation of a Specialty Casualty division to underwrite insurance coverages for General Liability, as well as umbrella and excess liability programs. Stephen Stewart has been named Vice President to head the division, reporting to Michael Wills, President and Chief Executive Officer of Ironshore Canada Ltd.
Ironshore Inc. announced that it's Political Risk Insurance unit has increased capacity limits to $25 milion on a gross limit basis for its global platform of political risk insurance lines and other trade-realted coverages for risks maturing out to 5 years. For more information, read Ironshore's press release highlighting this.
Ironshore Inc. has announced the introduction of Ironshore AgriProtection, an agriculture industry lead umbella policy launched in response to increased demand from a broad spectrum of large, middle market commericial agribusiness entities. Read the PD for more information on this new product.
Ironshore announces the appointment of Daniel Owen as Senior Vice President of its Global Property Builders Risk unit where he will be responsible for underwriting global property coverage for a broad range of complex civil and mechanical engineering risks.
Read Ironshore's press release announcing Donald Harkey to head the Political Risk unit for Ironshore Europe Limited, based in Dublin. In addition, Ironshore's Pembroke Syndicate 4000 has entered into an underwriting relationship with Equinox Global Limited to broaden its trade credit insurance market program.
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.