Ironshore launches energy equipment facility for on-shore middle market
Liberty Mutual Company unit Ironshore Insurance Services has formed an energy equipment facility offering property and inland marine insurance coverage for on-shore middle market classes of business in the US.
Ironshore’s Syndicated Risk Services (SRS) will underwrite the middle market sector risk on behalf of four Lloyd’s of London subscribing partners.
SRS will provide up to $10 million in capacity for oil & gas operators and contractors operating within the on-shore energy sector, with an emphasis on contractor equipment businesses.
Ironshore’s global energy industry practice underwrites insurance programmes for commercial entities across all classes within specialty markets, including casualty, property, environmental, marine, professional lines and political risk.
“The new property facility offers an alternative source of capital for energy equipment businesses in the U.S. middle market that are currently underserved,” said Daniel Owen, senior vice president, energy and builders risk. “As part of Liberty Mutual’s Global Risk Solutions, Ironshore can now provide clients an even more comprehensive suite of product solutions to meet coverage demand.”
Make sure you are GDPR compliant and confirm your email address to keep getting our daily emails
More of today's news
Japan floods cause extensive destruction, business interruption
Kingstone boosts reinsurance purchase by 41%
Liberty reorganises European specialty business
Aon, Chubb, Lloyd's develop terrorism, political violence solution
Insurtech OnRisk forms strategic alliance with Lloyd's broker AFL
Zurich names new CEO of general insurance, Australia & New Zealand
Monument Re snaps up Dutch closed life insurer in Benelux strategy
IAG general counsel resigns while on extended leave
Ryan Specialty hires former Marsh veteran for RT ProExec
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze