Ironshore Australia announced the appointment of Ian Rouse to lead the speciality offerings in Australia for Political Risk, Political Violence, War and Terrorism. Ironshore Australia's Political Risk coverages will provide highly focused policies for Australian- domiciled entities with international exposure to political and terrorism perils. Mr. Rouse will report to David Rogers, Managing Director.
IDP Holdings LLC (“IDP”) announced the acquisition of the hospitality business of National Specialty Underwriters, Inc. (“NSU”), the Bellevue, Washington-based specialty commercial insurance program manager. As part of the transaction, IDP also purchased NSU’s Certus Claims Administration, which is the company’s specialized hospitality claims handling division. IDP is a joint venture acquisition vehicle of Ironshore Holdings (U.S.) Inc. (“Ironshore”) and Distinguished Programs Group LLC (“Distinguished Programs”) that focuses on the Managing General Underwriter and Program Manager segments of the commercial insurance distribution business.
IronHealth, the specialty healthcare unit of Ironshore Inc., has announced the launch of two financial risk products designed for healthcare organizations: Provider Excess Insurance (PEI) and HMO Reinsurance (HMORe). IronHealth’s new products respond to the ongoing evolution in the healthcare sector as healthcare providers and Health Maintenance Organizations assume additional financial risk in connection with the cost of care for members. In addition, the healthcare reform environment has resulted in the creation of new types of managed care organizations and healthcare financing initiatives, including Accountable Care Organizations (ACOs), Consumer Operated and Oriented Plans (Co-Ops), Bundled Payments for Care Improvement (BPCI) and other demonstration programs sponsored by the Centers for Medicare and Medicaid Services (CMS). Existence of emerging risks requires new insurance solutions to help such organizations protect against financial exposure from catastrophic claims that could severely impair operations.
Ironshore Australia has announced the employment of William Lewis, Mergers & Acquisitions (M&A) Underwriter and Solicitor. Mr. Lewis’ expertise in law, taxation and accounting enhance Ironshore Australia’s leading M&A offering in the region. Mr. Lewis will report to Katherine Simmonds, Executive Director.
Ironshore Inc. announced that David R. Frediani has been appointed President, Ironshore International. Mr. Frediani will work with Ironshore regional executives and international underwriters to build upon Ironshore International’s presence within specialty business lines, including expansion plans in Latin America and other regions. He also will manage the daily operations of Ironshore International’s platforms in North America, including Ironshore International, Ironshore Canada, Marine Re and other new initiatives. He will report to Mark Wheeler, Chief Executive Officer of Ironshore International.
Iron-Starr Excess Agency Ltd. (“Iron-Starr”) is pleased to announce that Richard (“Bud”) Rossomme has been named Vice President, Excess Casualty Underwriter. He will focus on underwriting, producing and servicing a diverse book of casualty business. Mr. Rossomme joins Iron-Starr from Chartis Excess, where he managed a comprehensive portfolio of claims-made, occurrence and occurrence-reported business. He has proven industry expertise with North American and international casualty businesses, having worked in the industry for over two decades in various senior positions.
Iron-Starr Excess Agency Ltd. (“Iron-Starr”) has announced the launch of a customized Lead Errors & Omissions Difference-in-Conditions product to be offered to professional services organizations. Iron-Starr’s Pioneer for Professions coverage will be underwritten by Iron-Starr on behalf of Ironshore Insurance Ltd.
Ironshore Inc. has announced the launch of a customized Lawyers Management Liability Program (the “Program”) to be offered by its Lloyd’s Pembroke Syndicate 4000, based in London. Program products will offer individual firm attorneys coverage against certain personal financial loss risks arising from a firm’s insolvency.
Ironshore Inc. has announced the launch of a specialty Commercial Crime product to be offered by its Lloyd’s Pembroke Syndicate 4000, based in London. Offering coverage limits up to GBP 20 million, Ironshore’s Commercial Crime coverage indemnifies an organization for losses resulting from both internal and external crimerelated activities.
IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced a modular policy form to address potential gaps in insurance programs for integrated delivery organizations. IronHealth has developed the Integrated Delivery Organization (“IDO”) policy specifically to address the multi-line liability insurance exposures of healthcare organizations seeking to integrate care delivery and care management/financing vehicles, which can provide a broad spectrum of diverse medical services and payment processes. IronHealth’s IDO policy form allows healthcare organizations to consolidate separate liability programs into one insurance product, offering integrated protection for sector-specific liability risk.
IronPro, the U.S. professional and management liability unit of Ironshore Inc., has announced a strategic alliance with Zodiac Insurance Services, Inc. focused on the coverage needs of small business enterprises. Zodiac Insurance Services will distribute IronPro’s suite of professional and management liability products, offering insurance coverages to companies with annual revenues up to $25 million. The products are designed and distributed to address liability risks specific to small to midsize entities that include for profit companies, not for profit organizations, as well as affinity insurance purchasing groups.
Ironshore Europe Limited has announced key executive appointments in its London office, effective immediately, to align management leadership with business development opportunities within European markets, according to Fiona Marry, Chief Executive Officer of Ironshore Europe Limited.
Ironshore Inc. announced today that it has named Peter Harper as Global Chief Financial Officer and Meg Drago as Global Head of Human Resources. Mr. Harper, who served for seven years as Chief Financial Officer of Scottsdale Insurance Company, will succeed founding CFO Mitchell Blaser. Mr. Blaser will expand his responsibilities as the Chief Executive Officer of IronServe, the newly-formed services company, along with his continued roles as Global COO and CEO of Ironshore’s Bermuda platform
Ironshore Inc. announced that A.M. Best has revised the outlook to positive from stable and has affirmed the financial strength rating of A- (Excellent) and issuer credit ratings (ICRs) of “a-” for Ironshore’s operating subsidiaries. The operating subsidiaries include Ironshore Insurance Ltd. (Bermuda), Ironshore Indemnity Inc. (Minnesota), Ironshore Specialty Insurance Company (Arizona), and Ironshore Europe Ltd. (Ireland). This change to a positive outlook indicates that there is a possible rating upgrade in the future due to favorable financial/market trends relative to the current rating level.
Ironshore Canada Ltd., a subsidiary of Ironshore International based out of London, has announced an increase in capacity to $25 million for its Specialty Casualty Lines. Ironshore Canada Specialty Casualty provides comprehensive insurance coverages for specialty liability risks as part of the Ironshore group of companies.
Ironshore Inc. announced today that IronHealth, its specialty healthcare unit, has entered into an agreement with The Sullivan Group, an international healthcare risk management and patient safety organization, to help clients manage risk exposure in the high-risk field of obstetrics. Under the Agreement, The Sullivan Group will be considered a preferred vendor, offering Risk, Safety, and Quality (RSQTM) expertise in the field of obstetrics to assist IronHealth clients at preferred rates.
Ironshore Inc. is pleased to announce that Steven Horton has been promoted to the position of Vice President of Financial Lines within Iron-Starr Excess Agency Ltd. Mr. Horton joined the Ironshore Group of Companies at Pembroke Managing Agency Limited in London in 2008, where he served as a Financial Institutions Underwriter. He transferred to Iron-Starr in 2010, focusing on the Agency’s Financial Institutions business and growth of the platform. Prior to joining Ironshore, Mr. Horton worked for Chartis Excess Limited in London as a Financial Lines Underwriter.
Ironshore Inc. announced that its subsidiary, Ironshore Insurance Services LLC, will offer war, political violence and stand-alone terrorism insurance to U.S.-based companies with exposures in the United States and worldwide. War and political violence insurance will be available on a global basis through Ironshore Political Risk led by Daniel L. Sussman, President of Political Risk. Stand-alone terrorism coverage focused on U.S. exposures will be provided through Ironshore’s Global Property unit under the direction of James Maden, Senior Vice President of Global Property, and will be responsible for program oversight and development within the United States. Limits will be offered up to $25 million. Ironshore Insurance Services LLC will act as a coverholder writing these lines of business on behalf of Ironshore’s Pembroke Syndicate 4000.
IronHealth, the specialty healthcare unit of Ironshore Inc., has entered into an agreement with Reputation Partners, LLC, a national corporate communications consultancy, to help clients manage reputational risk associated with financial and operational crises. Under the agreement, Reputation Partners will be considered a preferred vendor, extending its crisis and issues management expertise to IronHealth clients at preferred rates.
Ironshore Inc. announced that its Environmental Insurance unit will expand the asset-class specific Site Pollution Incident Legal Liability Select (SPILLS) program to address risk exposures within the oil and gas exploration and production sector. Insurance protection will provide blanket coverage for upstream and midstream companies, including crude oil and natural gas wells, pipelines, compressor stations and processing facilities, among others. The comprehensive coverage protects operators as well as non-operators of industry facilities, including private equity investors and other working interests in oil and gas operations. Coverage is available for conventional and unconventional gas deposits, including gas contained shales, and protects against exposures associated with emerging issues such as hydraulic fracturing. SPILLS Oil & Gas program is available nationwide, including operations in the Marcellus Shale and Louisiana, and can be extended to cover water operations by endorsement.
Ironshore Inc. has appointed Andrew Corton to the position of Cargo Director at its Lloyd’s Pembroke Syndicate in London. He will be responsible for managing and expanding Pembroke’s Specialist Cargo lines, reporting to Quentin Prebble, Director of the Marine Practice. Specialist Cargo includes coverages for satellite pre-launch risks, project cargo and consequential loss exposure, as well as general cargo.
Ironshore Inc. announced that its Specialty Casualty division has entered into an agreement with the workplace HELPLINE®, LLC of Boston, Massachusetts to provide a dedicated helpline within its Public Entity Group to address timely and complex employment practice issues within the public entity, higher education and religious sectors. The workplace HELPLINE®, LLC’s service for Ironshore (“EPLI Helpline”) is a customized solution that responds to inquiries and concerns from clients across the U.S., including not-for-profits, public entities, public schools, and institutions of higher education. The EPLI Helpline offers employer access to specialized employment attorneys from a nationally-recognized law firm that is available to provide confidential, documented responses on more than 50 risk management, human resources/employment law, and compliance issues.
Ironshore Inc. announced that Eugene F. McDonough has been appointed to the position of New England Regional Executive and Vice President of U.S. Operations. Mr. McDonough, based in Boston, will be responsible for business development and program oversight in the region representing New England and Upstate New York, reporting to Joseph L. Boren, President of U.S. Field Operations. In this expanded role, he will continue to serve as Assistant Vice President of IronPro, Ironshore's professional liability management division, under the leadership of Greg Flood, President.
Ironshore Inc. has announced the opening of a Property & Casualty production center in Boston dedicated to the insurance wholesale market, serving the East Coast, including New England, New York, Atlanta and the Mid-Atlantic regions. Ironshore's new production center will complement Ironshore's Risk Agency, a unit of Ironshore Insurance Services, LLC, located in St. Louis, that will continue to serve the wholesale insurance market through its Central and Western georgraphic footprint within the U.S.
Iron-Starr Excess Agency Ltd. has announced the appointment of Joy LaHuta to Vice President, Claims, reporting to Larry Engrissei, Senior Vice President and Claims Manager.
Ms. LaHuta joins Iron-Starr from the Bermuda branch of Torus, where she headed the Excess Casualty and Reinsurance Claims Division, and built the department's offshore infrastructure and operating procedures. Previously, Ms. LaHuta led AIG Environmental's Eastern Region division of AIG Domestic Claims, Inc., and was responsible for managing adjusters charged with specialized claims handling.
Ironshore Inc. announced that Ironshore Insurance Services LLC. has received Extension of Class approval from Lloyd's to underwrite insurance coverage via limited binding authority on behalf of the Political Risk and War and Terrorism unit at Pembroke Syndicate 4000, based in London. Ironshore Insurance Services LLC. will serve as agent of record to provide Political Risk and Political Violence coverages for U.S. based corporate risks through its distribution network of wholesale and retail offices nationwide for its Lloyd's Pembroke Syndicate 4000.
Ironshore Inc. has announced management appointments at Iron-Starr Excess Agency Ltd. Stuart Anderson has been promoted to the position of Chief Executive Officer, providing strategic direction and program oversight of the Iron-Starr Financial Lines and Excess Casualty divisions. Eric Kittleson has been appointed Chief Underwriting Officer of Iron-Starr, responsible for continued expansion of the Agency's suite of products and complementary lines of business in Bermuda.
Ironshore Inc. announced that Peter J. Flores has been appionted to the position of New York Regional Executive and Vice President for U.S. Operations to expand its presence within this regional platform. Mr. Flores, based in New York, will be responsible for business development and program oversight representing Ironshore's comprehnsive suite of products, reporting to Joseph L. Boren, President of U.S. Field Operations. In this expanded role, Mr. Flores will continue to serve as Vice President, Regional Property Manager, within Ironshore's U.S. Property unit under the leadership of Anthony Mammolite, Head of Global Property.
Ironshore Inc. announced that its Specialty Casualty unit is introducing a dedicated insurance program to provide casualty coverages for Cochrane and Company. The new Ironshore facility will provide coverage for the Cochrane Ammunition and Rifle Manufacturing Specialist (ARMS) Program. Additional coverage enhancements will be available to address the needs of Firearm Manufacturers and Importers, Retailers/Dealers, Wholesale Distributors, Acessory Manufacturers, and Ammunition/Bullet/Cartridge Manufactuers, as well as shooting sports-related business risks.
Ironshore Inc. announced that Dennis L. Mahoney and Eric A. Simonson have been appointed to its Board of Directors. Mr. Mahoney is the former Chairman and Chief Executive Officer of Aon Global in London. Mr. Simonson most recently was Senior Vice President and Chief Investment Officer of Allstate Insurance Company and served as Chairman and President of Allstate Investments, LLC, based in Northbrook, Illinois.
Ironshore Inc. announced the creation of a Special Risk Unit to be led by current executives who will assume additional responsibilities. Paul S. Giordano has been appointed Chairman for Political and Special risk and Daniel L. Sussman has been named President of Ironshore Special Risk. Mr. Sussman will continue in his current role as President of Ironshore Political Risk, reporting to Mr. Giordano in both capacities. Mr. Giordano will continue to serve as Ironshore's General Counsel and Secretary.
Ironshore Inc. announced that Ironshore Insurance Ltd., its Bermuda-based insurance subsidiary, is opening an office in Singapore as the next phase of the strategic expansion of its global platform. Mr. Chen Dai has been named Principal Officer of Ironshore’s Singapore branch to lead regional growth in serving the commercial insurance needs on behalf of Ironshore in the Asian marketplace. John G. Moncavage joins the Singapore office as Vice President of Political Risk.
Ironshore Inc. announced that Katherine Cheung has joined the Mergers & Acquisitions division as Underwriter and Solicitor of its Lloyd's Pembroke Syndicate 4000 in London. Ms. Cheung's industry experience reflects her career tenue in corporate law and the specialty Mergers & Acquitions broking market. Most recently, she served as Client Manager for Aon's Transaction Liability unit in London. She was also a solicitor with the law firm of Pinset Masons LLP.
Ironshore Inc. announces that the Pembroke Consortium, led by its Lloyd's Pembroke Syndicate 4000, has closed its first year in offering specialty Fine Arts and Specie coverages for High Value Cargo lines. Ironshore's Pembroke Consortium was launched in 2011 as the only fine arts consortium with $105 million in capacity and will increase capacity for this specialty facility to $116 million in 2012. The Pembroke Consortium is comprised of nine Lloyd's Syndicates, including 4000, to underwrite varying percentages reflecting each company's respective commitment.
Ironshore Australia has announced the appointment of Katherine Simmonds as Executive Director, who was also named to serve on the Board of Directors for Ironshore Australia. Ms. Simmonds will be responsible for Ironshore Australia's Mergers & Acquisitions insurance program offerings throughout the Asia Pacific region, as well as overseeing the implemention of Ironshore Australia's business growth objectives, reporting to David Rogers, Managing Director.
Ironshore Inc. announced that Ironshore Insurance Ltd., its Bermuda insurance subsidary, will be the Center for Energy business to consolidate all new Property Energy underwriting in one strategic location under the leadership of Peter Coleman, Executive Vice President, in Bermuda. Property Energy coverages for existing and renewal insurance policies outside Bermuda will continue to be provided and serviced by Ironshore insurers in the United States and elsewhere.
Ironshore Europe Limited, based in Dublin, Ireland, has announced that the Ironshore Environmental suite of products is now available in Europe. Ironshore Environmental offers a range of specialty coverages, providing insurance protection against the adverse financial impact of environmental incidents and liabilities. Ironshore Europe Limited's Environmental class of business will be managed from their London branch by Alan Shaw.
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.