Ironshore expands agency business into US and London Markets

Ironshore, a Liberty Mutual Company, has expanded its underwriting agency business into the US and London Markets, which will be led by the financial lines manager of Iron-Starr Excess Agency Steve Horton.

The company is forming Iron-Excess, an expansion of the Iron-Starr Excess underwriting agency business model that has been serving the Bermuda market since 2009.

Iron-Excess will enable Ironshore to deliver the advantages of the agency approach, providing clients and brokers access to a large pool of capacity. It will provide capacity to new and existing Ironshore and Liberty Mutual Insurance clients.

"We have had a lot of success given the quality and experience of our team in Bermuda," said Mitch Blaser, Ironshore’s COO and CEO of Ironshore Bermuda. "The business model has been well received in the Bermuda market and is advantageous to our clients offering a natural solution to concerns around counterparty risk and capacity needs. I am excited to broaden the existing Liberty Mutual relationships and provide wider access to our meaningful capacity."

Kevin Kelley, chief executive officer of Ironshore, stated: "We are very pleased to announce the expansion of our agency business into the US and London markets. Our ability to offer our clients access to not only Ironshore but third-party insurance partners will create significant and long term innovative solutions for our clients."

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Lloyd’s appoints SCOR exec as new head of risk aggregation

Pool Re publishes first quantitative assessment of terrorism

Insurers must reduce risks to customers’ data, claims start-up founder

Hurricane Maria losses could reach $85bn

MarketScout unveils $25m insurtech venture fund

AXIS reveals time table to finalise Novae deal

Starr seeks geographical and product line expansion with new hires

Don't miss our insurtech email newsletter - sign up today