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Ironshore forms Europe unit in Dublin

Bermuda-based insurer Ironshore has expanded its global network with the formation of Ironshore Europe Ltd, which will be domiciled in Dublin, Ireland.Fiona Marry has been appointed CEO of the new insurer, reporting to the Ironshore Europe board chaired by Mark Wheeler, who also serves as CEO of Ironshore International.Ironshore Europe is an expansion of the Ironshore international platform in response to heightened global demand for insurance coverages of complex risk.The new company will add to Ironshore's existing presence in the US, UK, Canada, and Bermuda, underwriting a diverse range of specialty lines of businesses offered within the Ironshore group of insurance companies.Ironshore was granted a Certificate of Authorisation from the Central Bank of Ireland in December 2010, and will start operations with immediate effect.“Ironshore Europe builds upon the company's growing franchise to serve international clients and provides the capital flexibility for Ironshore to engage in strategic opportunities,” Mr Wheeler said.Ms Marry has 20 years of experience within the international insurance industry. Most recently, she was European casualty manager for Allied World Assurance Company Dublin Ltd. She also served as vice-president of underwriting for XL European Insurance having joined the company in 1991.“Ironshore Europe offers a European access point for global brokers and carriers that are either existing or new clients,” said Ms Marry. “The result is the creation of new distribution channels to broaden the Ironshore brand to European markets.”Mr. Wheeler said that creation of the new entity would provide a subscription market for US-domiciled corporations seeking risk syndication in European markets and in particular the pent-up demand within the US casualty sector.“Ironshore Europe can now be a conduit to deploy Ironshore's suite of products and underwriting capabilities specifically designed to meet the coverage needs of both US and multi-nationals in all of the company's core competencies,” she said.