Oil Casualty Insurance has linked up with insurer Iron-Starr to underwrite risks.

The deal means that Iron-Starr, part of Ironshore, will underwrite transactional liability, directors and officers liability and cyber liability for Ocil with maximum line sizes of $5 million.

Jerry Rivers, chief operating officer of Ocil, said: “Ocil is pleased to expand its relationship with the Ironshore Group while implementing our strategy to diversify our risk profile by expanding industry segments and coverages.

“It is important to us that our growth is accretive to our bottom line, which requires partnering with individuals and firms that have the expertise and production platforms that Ocil can rely on.

“We have found that partnerships in Iron-Starr for specialty lines of business such as transactional liability, cyber liability and directors and officers liability.”

Iron-Starr underwrites on behalf of Ironshore Insurance, Starr Insurance and Reinsurance, Hamilton Re and Antares Syndicate 1274.

Kevin Kelley, CEO of Ironshore, said the firm was pleased to add Ocil business. He added: “We continue to see a wealth of opportunity in these lines of business and, most importantly, a growing need for large blocks of capacity.”

Mitch Blaser, Iron-Starr CEO, said: “The partnership further enhances our ability to deliver greater capacity in products where we see growing demand as a key benefit of our structure.

“Offering this capacity through a single access point, with concurrency of terms and access to several balance sheets, is a key differentiator and an attractive proposition to our clients.

“We are excited to welcome Ocil to the agency and we continue to seek like-minded partners for lines of business that have the demand and opportunity.”

Iron-Starr was set up to offer syndicated capacity to clients for excess liability products through a single access point.

The firm said the island remained “a core market” for excess liability and the addition of Ocil meant the firm would strengthen its capabilities and create a larger pool of excess capacity for current and future clients.