Talk:Ironshore

Proposed Edits for Ironshore Wiki
'''I'd appreciate some insight on the following edits I'd like to make to the Ironshore page. Full disclosure, this is a paid contribution, and I have stated so on my user page. I want to make sure this content doesn't get flagged, and we've done our best to have it comply with Wiki rules and regulations. It would be great to have feedback before posting. Thanks. '''

Ironshore provides broker-sourced specialty Property and Casualty insurance programs for varying risks throughout its global platform. [1] Ironshore, domiciled in Bermuda, has more than 35 offices located in North America, Continental Europe, U.K. and the Middle East North Africa (MENA) and Asia Pacific regions, with the capability to write business throughout Latin America and the Caribbean. [2][3][4][5][6] Select specialty coverages are underwritten at Lloyd’s through Ironshore’s Pembroke Syndicate 4000. [7] The Ironshore group of companies is rated A (Excellent) by A.M. Best with a Financial Size Category of Class XIV. Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best, AA- (Very Strong) by Fitch, and A+ (Strong) by Standard & Poor’s. [8]

History Ironshore was founded in 2006 with more than $1 billion in capital led by Robert Clements and his son John Clements, two long-time insurance industry investors. [9][10][11][12] Ironshore was launched primarily as a property insurance company to provide much-needed capacity to the sector in the wake of natural catastrophic events of the prior years. [13] Ironshore acquired the existing Lloyd’s Pembroke Managing Agency Limited, Syndicate 4000, in 2008 to offer specialty underwriting products through the Lloyd’s re/insurance platform. [7] Kevin H. Kelley was appointed Chief Executive Officer of Ironshore Inc. in December 2008, following his professional tenure at AIG’s Lexington Insurance Company, the excess and surplus lines insurance company. [14][15][16][17][18] In 2008, Shaun E. Kelly resigned as President and Chief Operating Officer of Lexington Insurance and appointed Chief Executive Officer of U.S. Operations for Ironshore. [19]

Under Ironshore’s new leadership, the company broadened its property and casualty product offerings to include select, specialty lines of business. Today, Ironshore underwrites more than fifteen specialty lines of business worldwide. Ironshore’s strategy has been driven by organic growth, acquisition and industry alliances. [20][21][22][23] [24][25][26][27] In August 2014, Fosun International Limited completed a strategic equity investment of 20% ownership interest in Ironshore. [28] In November 2015, Fosun acquired the remaining 80% equity interest in Ironshore. Ironshore is an indirect, wholly-owned independent subsidiary of Fosun International Limited, led by Chairman Guo Guangchang. [29] In announcing the merger transaction, Mr. Kelley was quoted, “Fosun’s financial strength and established investment management approach provides long-term strategic capital to bolster Ironshore’s expansion strategy – Ironshore is well positioned for growth as a global insurance industry leader,” as reported by The Royal Gazette.[30]

Ironshore timeline of events:

2007 • Launch of Ironshore Inc., headquartered in Bermuda [12]

2008 • Appointment of Kevin H. Kelley, Chief Executive Office [14][15][16][17][18] • Appointment of Shaun E. Kelly, President of Ironshore Inc., Chief Executive Officer & President of U.S. Operations [19] • Ironshore Completes Purchase of Pembroke Managing Agency Limited [7]

2009 • Mark Wheeler Named Chief Executive Officer, Ironshore International [31] • Expansion into the Canadian market [32] • Formation of Iron-Starr Excess Joint Venture, Iron-Starr Excess Agency Ltd., domiciled in Bermuda [33]

2010 • Establishment of Ironshore Europe Limited, domiciled in Dublin, Ireland [34] • Entry into Personal Lines Market [35] • Completion of $250 Million Debt Offering [36]

2011 • Establishment of Ironshore Australia, based in Sydney [37]

2012 • Opening of Singapore Office [38] • Entry into Latin America & Caribbean, Miami office established [39] 2013 • Authorization of Pembroke Entry To Lloyd’s Japan, Tokyo [40] • Expansion of Practice Leadership Structure [41]

2014 • Opening of Hong Kong Office [42] • Fosun International’s 20% Equity Investment in Ironshore [28]

2015 • Establishment of New Zealand Presence, Auckland [43] • Expansion in Continental Europe with establishment of Ironshore Agency Limited, Cologne Hub [44] • Completion of Fosun Remaining 80% Equity Interest, $1.8 Billion Transaction [29]

2016 • Advisen Named Ironshore as Pacesetter for Innovation in 20 for fifth consecutive year ranked in the top 3 [45] • Establishment of Lloyd’s China Platform, Shanghai [46] • Creation of Ironshore Private Client Group for High Net Worth Market [47] • Acquisition of Savannah Insurance Agency, Sydney [48] • Lloyd’s Antares Syndicate Joins Iron-Starr Excess Agency Ltd. [49] • Acquisition of remaining 80% stake in Lexon Surety Group [50] • A.M. Best Affirms Ironshore’s “A” Rating [8] • Fosun Files for IPO of Ironshore [51]

Operations Ironshore Inc. global operations are represented in designated financial centers, offering a range of select specialty property and casualty lines of business. Ironshore offices are located in Australia, Bermuda, Canada, China, Germany, Ireland, Japan, the Netherlands, New Zealand, Singapore, Switzerland, Tokyo, United Kingdom, United Arab Emirates, the United States and the capability to write business in Latin America and the Caribbean. [6]

Ironshore specialty products are: Aviation; Casualty; Construction; Energy; Environmental; Financial Institutions; Fine Art & Species; Healthcare; Kidnap & Ransom; Marine Re; Mergers & Acquisitions; Personal Lines; Personal Accident; Political Risk and Trade Credit; Professional Lines; Programs; Property; Specialty Casualty, War and Terrorism; and Yachting.

Ironshore established its dedicated Industry Practice Leadership structure in 2013 to address sector-specific risk on a worldwide basis. [41] The Industry Practice Groups underwrite coverages on commercial and personal risks across all classes of business within the respective industry sectors. Global Industry Practice Groups are Construction, Energy, Financial Institutions, Healthcare, Personal Lines and Real Estate.

Ironshore’s Pembroke Managing Agency Limited operates within Lloyd’s through Syndicate 4000, underwriting coverage in five distinct markets: Liability, Financial Institutions, Professional Liability, and Casualty, Marine, International Property, Accident and Health, and Short-Tail Specialty. [7]

Pembroke Managing Agency established offices in Shanghai as part of its Lloyd’s China platform [46] and an office in Tokyo to underwrite on behalf of Lloyd’s Japan. [40] Pembroke was the first to develop a Special Purpose Syndicate (SPS) into an independent Syndicate in 2013, when SPSP 6110 evolved into Syndicate 2014. [52]

In 2015, Pembroke and PatriaRe received Lloyd’s approval to establish an SPS, making PatriaRe the first Mexican reinsurer to have a Lloyd’s Special Purpose Syndicate approved. [53] Specialty product lines include: Excess Casualty, Financial Lines and Healthcare. [49] Pembroke Managing Agency’s Lloyd’s Syndicate 4000 announced creation of the Lloyd’s Specie Consortium in 2016 with lead underwriters Apollo Syndicate 1969 and Navigators Syndicate 1221 to provide cover on behalf of 21 participating Lloyd’s Syndicates. [54]

Ironshore Europe Limited (IEL) was incorporated in Dublin, Ireland in 2010 to provide a European operating platform, which is licensed to underwrite all classes of business. [34] IEL provides a maximum capacity limit on any one line of business. IEL also maintains a branch in London.

Iron-Starr Excess Agency Ltd., incorporated in Bermuda in 2009, is a managing general agency that underwrites on behalf of Ironshore Insurance Ltd., Starr Insurance & Reinsurance Limited, and Hamilton Re, Ltd. Iron-Starr was created in response to change in buyer behavior by corporations and the broker community with regard to counter party risk exposure within the insurance marketplace. [33] In 2016, Lloyd’s Antares Syndicate 1274 joined Iron-Starr as a subscribing insurer. [49]

Ironshore announced its expansion strategy in Continental European markets in December 2015. [44] Ironshore Agency Limited’s Hub branch office is located in Cologne, Germany with additional locally-based branch offices opened in Rotterdam, The Netherlands and Zurich, Switzerland. Ironshore Agency Limited underwrites specialty coverages on behalf of Ironshore Europe Limited, based in Dublin and Ironshore’s Pembroke Lloyd’s Syndicate. Specialty lines include General Liability/Professional Lines, Marine, Construction/Engineering, Terrorism, Fine Art and Specie, as well as selected Property coverage.

GTORRIS (talk) 16:10, 12 December 2016 (UTC)

Proposed Edits Part II
I'd appreciate some insight on the following updated copy for the Ironshore Wiki. Full disclosure, this is a paid contribution, and I have stated so on my user page. I want to make sure this content doesn't get flagged, so any feedback before posting would be welcome. Thanks.

Overview

Ironshore provides broker-sourced specialty Property and Casualty insurance programs for varying risks throughout its global platform. [1] Ironshore, domiciled in Bermuda, has more than 35 offices located in North America, Continental Europe, U.K. and the Middle East North Africa (MENA) and Asia Pacific regions, with the capability to write business throughout Latin America and the Caribbean. [2, 3,4,5,24] Select specialty coverages are underwritten at Lloyd’s through Ironshore’s Pembroke Syndicate 4000. [25] The Ironshore group of companies is rated A (Excellent) by A.M. Best with a Financial Size Category of Class XIV. Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best, AA- (Very Strong) by Fitch, and A+ (Strong) by Standard & Poor’s. [26]

History

Ironshore was founded in 2006 with more than $1 billion in private equity capital led by Robert Clements and his son John Clements, long-time insurance industry investors. [6,7,8,28]

Ironshore was launched primarily as a property insurance company to provide capacity to the sector in the wake of natural catastrophic events of the prior years. [29]

Ironshore acquired the existing Lloyd’s Pembroke Managing Agency Limited, Syndicate 4000, in 2008 to offer specialty underwriting products through the Lloyd’s re/insurance platform. [25]

Kevin H. Kelley was appointed Chief Executive Officer of Ironshore Inc. in December 2008, following his professional tenure at AIG’s Lexington Insurance Company, the excess and surplus lines insurance company. [9,10,11,12,13] In 2008, Shaun E. Kelly resigned as President and Chief Operating Officer of Lexington Insurance and appointed Chief Executive Officer of U.S. Operations for Ironshore. [14]

Under Ironshore’s new leadership, the company broadened its property and casualty product offerings to include select, specialty lines of business. Today, Ironshore underwrites more than fifteen specialty lines of business worldwide. Ironshore’s strategy has been driven by organic growth, acquisition and industry alliances. [15,16,17,18,19,20,21,30]

In August 2014, Fosun International Limited completed a strategic equity investment of 20% ownership interest in Ironshore. [45] In November 2015, Fosun acquired the remaining 80% equity interest in Ironshore.

In December 2016, Fosun International Limited announced the sale of Ironshore Inc. to Liberty Mutual Insurance, under which Liberty Mutual would acquire 100% ownership of Ironshore for approximately $3 billion (USD), pending regulatory approvals and customary closing conditions. [31,32]

'''Ironshore timeline of events: '''

2007 •	Launch of Ironshore Inc., headquartered in Bermuda [28]

2008 •	Appointment of Kevin H. Kelley, Chief Executive Officer [9,10,11,12,13] •	Appointment of Shaun E. Kelly, President of Ironshore Inc., Chief Executive Officer & President of U.S. Operations [14] •	Ironshore Completes Purchase of Pembroke Managing Agency Limited [25]

2009 •	Mark Wheeler Named Chief Executive Officer, Ironshore International [27] •	Expansion into the Canadian market [33] •	Formation of Iron-Starr Excess Joint Venture, Iron-Starr Excess Agency Ltd., domiciled in Bermuda [34]

2010 •	Establishment of Ironshore Europe Limited, domiciled in Dublin, Ireland [37] •	Entry into Personal Lines Market [35] •	Completion of $250 Million Debt Offering [36]

2011 •	Establishment of Ironshore Australia, based in Sydney [38]

2012 •	Opening of Singapore Office [39] •	Entry into Latin America & Caribbean, Miami office established [40]

2013 •	Authorization of Pembroke Entry To Lloyd’s Japan, Tokyo [41] •	Expansion of Practice Leadership Structure [43]

2014 •	Opening of Hong Kong Office [44] •	Fosun International’s 20% Equity Investment in Ironshore [45]

2015 •	Establishment of New Zealand Presence, Auckland  [46] •	Expansion in Continental Europe with establishment of Ironshore Agency Limited, Cologne Hub [47] •	Completion of Fosun Remaining 80% Equity Interest, $1.8 Billion Transaction [31]

2016 •	Advisen Named Ironshore as Pacesetter for Innovation in 2015, for sixth consecutive year [49] •	Establishment of Lloyd’s China Platform, Shanghai [50] •	Creation of Ironshore Private Client Group for High Net Worth Market [51] •	Acquisition of Savannah Insurance Agency, Sydney [52] •	Lloyd’s Antares Syndicate Joins Iron-Starr Excess Agency Ltd. [53] •	A.M. Best Affirms Ironshore’s “A” Rating [26] •	Fosun Files for IPO of Ironshore [54] •	Fosun announces sale of Ironshore to Liberty Mutual Insurance, which would acquire 100% ownership [31,32]

2017 •	Advisen Names Ironshore as Pacesetter for Innovation in 2016. [57]

Operations

Ironshore Inc. global operations are represented in designated financial centers, offering a range of select specialty property and casualty lines of business. [55] Ironshore offices are located in Australia, Bermuda, Canada, China, Germany, Ireland, Japan, the Netherlands, New Zealand, Singapore, Switzerland, Tokyo, United Kingdom, United Arab Emirates, the United States and the capability to write business in Latin America and the Caribbean. [24]

Ironshore specialty products are: Aviation; Casualty; Construction; Energy; Environmental; Financial Institutions; Fine Art & Species; Healthcare; Kidnap & Ransom; Marine Re; Mergers & Acquisitions; Personal Lines; Personal Accident; Political Risk and Trade Credit; Professional Lines; Programs; Property; Specialty Casualty, War and Terrorism; and Yachting.

Ironshore established its dedicated Industry Practice Leadership structure in 2013 to address sector-specific risk on a worldwide basis. [43] The Industry Practice Groups underwrite  coverages on commercial and personal risks across all classes of business within the respective industry sectors. Global Industry Practice Groups are Construction, Energy, Financial Institutions, Healthcare, Manufacturing, Personal Lines and Real Estate.

Ironshore’s Pembroke Managing Agency Limited operates within Lloyd’s through Syndicate 4000, underwriting coverage in distinct markets: Liability, Financial Institutions, Professional Liability and Casualty, Marine, International Property, Accident and Health, and Short-Tail Specialty. [25]

Pembroke Managing Agency established offices in Shanghai as part of its Lloyd’s China platform [50] and an office in Tokyo to underwrite on behalf of Lloyd’s Japan.[41] Pembroke was the first to develop a Special Purpose Syndicate (SPS) into an independent Syndicate in 2013, when SPSP 6110 evolved into Syndicate 2014. [42]

In 2015, Pembroke and PatriaRe received Lloyd’s approval to establish an SPS, making PatriaRe the first Mexican reinsurer to have a Lloyd’s Special Purpose Syndicate approved. [48] Specialty product lines include: Excess Casualty, Financial Lines and Healthcare.[53]  Pembroke Managing Agency’s Lloyd’s Syndicate 4000 announced creation of the Lloyd’s Specie Consortium in 2016 with lead underwriters Apollo Syndicate 1969 and Navigators Syndicate 1221 to provide cover on behalf of 21 participating Lloyd’s Syndicates. [56] Ironshore Europe Limited (IEL) was incorporated in Dublin, Ireland in 2010 to provide a European operating platform, which is licensed to underwrite all classes of business. [37] IEL provides a maximum capacity limit on any one line of business. IEL also maintains a branch in London.

Iron-Starr Excess Agency Ltd., incorporated in Bermuda in 2009, is a managing general agency that underwrites on behalf of Ironshore Insurance Ltd., Starr Insurance & Reinsurance Limited, and Hamilton Re, Ltd. Iron-Starr was created in response to change in buyer behavior by corporations and the broker community with regard to counter-party risk exposure within the insurance marketplace. [34] In 2016, Lloyd’s Antares Syndicate 1274 joined Iron-Starr as a subscribing insurer. [53]

Ironshore announced its expansion strategy in Continental European markets in December 2015. [47] Ironshore Agency Limited’s Hub branch office is located in Cologne, Germany with additional locally-based branch offices opened in Rotterdam, The Netherlands and Zurich, Switzerland. Ironshore Agency Limited underwrites specialty coverages on behalf of Ironshore Europe Limited, based in Dublin and Ironshore’s Pembroke Lloyd’s Syndicate. Specialty lines include General Liability/Professional Lines, Marine, Construction/Engineering, Terrorism, Fine Art and Specie, as well as Property coverages.