Ironshore

Ironshore Inc. provides broker-sourced specialty property and casualty insurance coverages^[1] for varying risks on a global basis through its platforms in Australia, Bermuda, Canada, Ireland, Singapore, the United States and the United Kingdom.^[2][3][4][5] On December 5, 2016, it was announced that Ironshore will be sold to Liberty Mutual in a $3 billion transaction.^[6]

Ironshore

Company type	Incorporated
Industry	Insurance
Founded	2006
Founder	Robert Clements, John Clements
Key people	Kevin Kelley

History

The company was founded in 2006, with more than $1 billion in equity, by Robert Clements and his son John Clements, two long-time insurance investors.^[7][8][9]

Ironshore named Kevin Kelley as CEO in December 2008.^{[10][11][12][13]} Kelley had been the longtime CEO of Lexington Insurance, which became the largest excess and surplus lines insurer in the world under his leadership.^[14] Shaun Kelly resigned as president and chief operating officer of Lexington and was appointed chief executive officer of U.S. Operations for Ironshore.^[15] During 2015, Ironshore acquired Dubai-based MGA, Visionary underwriting Agency Ltd, a Lloyd's Coverholders founded in 2010 by David Austin.^{[citation needed]}

Operations

The company's product lines include Aviation, Environmental,^[16][17] IronBuilt, IronHealth,^[18] IronPro, Marine Re, Personal Lines,^[19] Political Risk,^[20] Ironshore Programs,^[21] and U.S. Property and Specialty Casualty.^[22]

The Ironshore group of companies is rated A (Excellent) by A.M. Best with a Financial Size Category of XIV. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s with a market rating of A (Excellent) from A.M. Best and A+ from both Standard and Poor’s and Fitch Group. A.M. Best announced in 2012 a revised rating outlook to "Positive" for Ironshore and its subsidiaries.^[23][24]