Ironshore Environmental introduces enhancement of its Contractors Environmental Legal Liability (CELL) program that provides coverage for damages resulting from pollution incidents caused by the contractor’s work. CELL is offered on an occurrence basis and can be underwritten as a practice, project or wrap-up policy, carrying a minimum deductible of $2,500. Policy limits are available from $500,000 and up to a maximum of $50 million.
Ironshore’s Construction Industry group, in conjunction with Ironshore Specialty Casualty, enhances coverage for Designers and Contractors. The specialty program offers Contractors Pollution Liability on an Occurrence basis within its combination policy covering Contractors Liability, Contractors Pollution Liability and Pollution Mitigation.
Ironshore Insurance Services LLC announces the formation of an energy equipment facility offering property and inland marine insurance coverage for on-shore middle market classes of business in the U.S. Ironshore’s Syndicated Risk Services (SRS) will underwrite the middle market sector risk on behalf of four Lloyd’s of London subscribing partners.
Ironshore Inc. announces the appointment of James R. Swan as Head of Mergers & Acquisitions Insurance, Americas. He will oversee Ironshore’s dedicated mergers & acquisitions activities for complex, multi-jurisdictional transactions within the North and Latin American regions. Mr. Swan will report to Rowan Bamford, Ironshore’s Global Head of Mergers & Acquisitions and Tax. Four additional M&A industry specialists have been named to serve in the New York office: Valentine Han, Scott G. Pegram, Victoria Rosales and Hilary Weiss. Cristina Merry del Val, Mergers & Acquisitions Production Specialist based in Miami, will also report to Mr. Swan.
Pembroke Syndicate 4000 announces the development of an endorsement to enhance the Investment Management Insurance (IMI) policy offered by the Financial Institutions unit in London. Pembroke’s new endorsement will accompany the standard IMI policy wording to clarify and expand the scope of protection against cyber risks.
Ironshore Inc. announces that Lainie R. Dorneker has been appointed as President of IronHealth, the healthcare professional liability unit. She assumes the role from Matthew Dolan, who was recently named President of Ironshore U.S. Operations. In her new role, she will continue to report to Mr. Dolan.
Ironshore Inc. announces the expansion of its partnership between Iron-Starr Excess Agency Ltd. (Iron-Starr) with Oil Casualty Insurance Ltd. (OCIL) to underwrite Property Lines. Iron-Starr has underwritten coverages on behalf of OCIL, a subscribing insurer for Financial Lines since 2016. The broadened relationship with OCIL will enable Iron-Starr to deliver an increase in syndicated capacity for Commercial Property risks, including natural catastrophe perils, within the Bermuda market.
“Iron-Starr’s newest agreement with OCIL strengthens
Ironshore Inc. announces that David D. Russo has been named Vice President, Regional Executive of the Mid-Atlantic Region, based in Philadelphia, PA. Mr. Russo will be responsible for the management, oversight and operational execution of Ironshore’s business development strategies throughout its regional distribution platform. He assumes the position from Kevin Fee, who was recently appointed Chief Operating Officer of Ironshore Environmental. Mr. Russo will report to David Frediani, President of U.S. Field Operations.
Earlier today Liberty Mutual entered into a definitive agreement to sell Liberty Life Assurance Company of Boston, which provides group disability, group life, individual life and annuity products, to Lincoln Financial Group for approximately $3.3 billion. The companies expect to complete the transaction in the second quarter of 2018, pending regulatory approvals and other customary closing conditions.
Ironshore announces the appointments of Steve Horton to Chief Executive Officer, Iron-Starr, and Susan Pateras to Chief Operating Officer, Ironshore Bermuda. In their new roles, both executives will continue to report to Mitch Blaser, Chief Executive Officer of Ironshore Bermuda.
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.