Ironshore opens Singapore office – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

Ironshore opens Singapore office

Bermuda-based property and casualty insurer, Ironshore, is opening an office in Singapore to provide commercial products for the Asian marketplace.

The branch will focus on financial and commercial professional liability, warranty and indemnity, casualty and environmental, war and political violence, high value cargo, fine art and specie coverage.

“Ironshore’s entry into the Asian market establishes a presence in Singapore that is the logical next step in expanding our global footprint for servicing the growing demand for innovative insurance solutions within this dynamic region,” said Kevin Kelley, CEO of Ironshore Inc.

Chen Dai will be the principal officer of the new branch, while John Moncavage joins as vice-president of political risk.

In January,

The Royal Gazette revealed Ironshore was to let go a total of at least 16 employees, with eight of them being Bermudian.

Ironshore has said “approximately a dozen employees in Bermuda” would be affected by the job losses along with Ironshore vendors for all of Ironshore offices.

The redundancies are part of the company’s IronServe initiative to improve operational efficiencies across all platforms and transition certain business support services. The initiative will be implemented over a 15 to 18-month period.

A spokeswoman for Ironshore said that approximately 60 to 70 employees would be affected. As part of IronServe, Ironshore entered into a partnership with Genpact, a global pioneer of business process outsourcing which operates from India, Europe, North America and other countries.

Ironshore was founded in 2007 and has 20 offices around the world, with Singapore being its 21st.

Ironshore CEO Kevin Kelley

You must be Registered or to post comment or to vote.

Published February 02, 2012 at 1:00 am (Updated February 02, 2012 at 7:06 am)

Ironshore opens Singapore office

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon