A US unit of Bermuda-based Ironshore has been approved to write excess and surplus coverage in the state of New York.

Ironshore Specialty Insurance Company (ISIC) was added on Tuesday to the Excess Line Association of New York (ELANY) list of eligible E&S insurers.

Ironshore will provide specialty commercial insurance coverages on an excess and surplus basis for risks located in the State of New York.

Ironshore Specialty Insurance Company is a US-based excess and surplus company with surplus lines approvals in 46 states. ISIC is the primary E&S entity for Ironshore's US operations.

The parent company, Ironshore Inc., is a specialty insurance company with approximately $1 billion of capital.

Greg Flood, chief executive officer of Ironshore Holdings (US), said: "We are excited to be approved by the Excess Line Association of New York. New York is a key state for many of our professional and management liability and healthcare liability product offerings."

Ironshore provides broker-sourced specialty commercial property and casualty coverages for risks located throughout the world.