Ironshore’s syndicate to underwrite through Lloyd’s Japan
Ironshore International, a subsidiary of Bermuda-based Ironshore Inc., is using its Lloyd’s syndicate to access the Japanese mergers and acquisitions market.
The company announced that its Lloyd’s of London syndicate, Pembroke syndicate 4000, has been authorised by the Japanese Financial Services Authority to underwrite warranties and representation coverage through Lloyd’s Japan.
The company said that its M&A unit, which provides insurance solutions on a global basis for complex multinational corporate transactions will, through its relationship with Lloyd’s Japan, provide up to £25 million ($38.3 million) in capacity per transaction.
“M&A insurance on international transactions has increased significantly over the past two years,” Ironshore International’s global head of M&A, Robert Brown said in a statement. “As a recognised market leader in this speciality market sector, Ironshore can now offer innovative M&A insurance solutions directly to Japanese clients through Lloyd’s Japan.”
The syndicate underwrites speciality coverage for financial lines, global property, high value cargo and other speciality risks.
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