Iron-Starr announces capacity increase

The limit increase is written on a gross limit basis and is the result of securing additional insurance collaboration within this specialty lines sector. This is in response to insurance market demand for access to capacity from multiple insurers through the issuance of a single policy form.

“Iron-Starr’s increased limit reflects the strong marketplace demand for our product from international entities and professional service firms,” said Stuart Anderson, manager of the Financial Lines division.

“Iron-Starr’s syndicated approach to providing capacity enables insureds to manage global exposure to individual insurance carriers and hence counter-party credit risk.”

Mr Anderson added that since Iron-Starr Excess Agency Ltd was launched in January 2009, there has been “heightened industry recognition of Ironshore’s long- term management experience and commitment in meeting the insurance needs of this specialty market.”

Iron-Starr Excess Agency Ltd., created as a joint venture between Ironshore Inc. and C.V. Starr & Co., Inc., is a specialty lines insurance managing general underwriting agency, domiciled in Bermuda.