Bermuda-based insurer Ironshore Inc. announced yesterday that Jim Henderson and Keith Hynes have been appointed to its board of directors.

Mr. Henderson served as vice-chairman, chief operating officer and a member of the board of Brown & Brown, ranked as the sixth largest insurance brokerage firm in the world, until his recent retirement in June 2010.

Mr. Hynes has been a leading insurance/reinsurance executive for more than twenty-five years and currently is the chairman of Majestic Capital, Ltd., the Nasdaq-listed workers' compensation insurance provider.

Mr. Hynes will chair the Ironshore Audit Committee, and it is expected that Mr. Henderson will be named to serve on the board's Audit and Investment Committees.

Kevin Kelley, chief executive officer of Ironshore, said: "They join a strong leadership team and offer a wealth of knowledge and industry experience in understanding and managing insurance market risk."

Mr. Henderson's tenure with Brown and Brown spans more than 25 years having joined Brown & Brown as chief financial officer prior to his appointment to COO where he oversaw corporate operations with over $1 billion in revenues.

He also served on the board's Executive and Acquisition Committees and was responsible for account management for several of Brown & Brown's large commercial clients.

Prior to assuming the role at Majestic Capital, Ltd., Mr. Hynes was instrumental in the establishment of the joint venture, DaVinci Holdings Ltd.

He is also recognised as being a founder in raising private equity capital for the creation of Max Re Capital Ltd., and subsequently served as executive vice-president and chief financial officer for eight years. Prior to Max Re, Mr. Hynes was the executive vice-president in charge of Primary Operations at Renaissance Holdings, Ltd.