Ironshore gets green light from California
The California Department of Insurance has added Ironshore Specialty Insurance Company (ISIC) to its List of Eligible Surplus Lines Insurers (LESLI listing).
ISIC, a subsidiary of Bermuda-based Ironshore, will provide specialty commercial insurance coverages on an excess and surplus basis for risks located in the state of California.
Ironshore Specialty Insurance Company is a US-based excess and surplus company with surplus lines approvals in 47 states.
The parent company, Ironshore Inc., is a specialty insurance company with approximately $1 billion of capital.
"California is a critical state for many of ISIC's products, including our professional and management liability, healthcare liability and construction liability product offerings," said Greg Flood, chief executive officer of Ironshore Holdings (U.S.) Inc.
"We are looking forward to serving the California non-admitted market and expect our suite of specialty products to be very well received. This is a big achievement for Ironshore and we're excited to be added to the LESLI listing."