The new segment, Iron-Excess, “will enable Ironshore to deliver the advantages of the agency approach, providing clients and brokers access to a large pool of capacity.” Iron-Excess will be led by Steve Horton, a company release said.
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Iron-Excess 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 Ironshore COO and Ironshore Bermuda CEO Mitch Blaser. “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.”
“We are very pleased to announce the expansion of our agency business into the US and London markets,” added Ironshore CEO Kevin H. Kelley. “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.”
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