Access Experience. Get Results.
Transcription
Access Experience. Get Results.
Bermuda Overview Access Experience. Get Results. Ironshore Bermuda Team “We consider ourselves entrepreneurs just as much as insurance experts.” - Mitch Blaser 1 Our goal at Ironshore is SIMPLE: To be the best, highly focused, specialty Property/Casualty business in the world. We provide our broker partners with risk management planning designed to adapt to the distinct business challenges facing each client. To accomplish this goal, we have platforms in Bermuda, the U.S. and internationally that provide multiple distribution channels to access our products and talent. Now more than ever, nimbleness trumps scale as clients demand more syndication from the market to manage their risks. The flexibility of our organization enables our senior leaders to navigate regulations that are constantly evolving and provide opportunistic thinking that distinguishes us from our competitors. This approach allows us to consistently deliver innovative solutions to our clients all over the world. Ironshore’s strong balance sheet and strategic alliances benefit clients with syndicated capacity. By retaining excess capital and integrating our responsive claims model with sound underwriting decisions, Ironshore is an obvious choice for clients in every major category. While the market in Bermuda mainly concentrates on reinsurance, our focus is specialty insurance. Our unique view, entrepreneurial culture, talented Bermuda-based team and global network continue to attract the best and the brightest in our business. Our specialized experience and relentless commitment to service will continue to raise industry expectations and standards. We truly appreciate your business and partnership. Kevin Kelley CEO, Ironshore Inc. Mitch Blaser COO, Ironshore Inc. CEO, Ironshore Bermuda CEO, Iron-Starr 2 Ironshore in Bermuda Ironshore® may be one of the fastest-growing specialty insurance companies in the world today, but our unique culture was born in Bermuda. In 2006, Ironshore laid out a new model designed to be more entrepreneurial than institutional. We gave senior-level talent the freedom to create real change in a supportive environment, thus creating more innovation and accountability. So with fresh capital and no legacy issues, founder Robert Clements spearheaded an initiative in Bermuda that launched what is now one of the largest Primary Property Insurance offerings in a marketplace that is predominantly reinsurance focused—a landmark change. Our experienced leadership and strong offshore capital provided an efficient and secure underwriting platform: truly a safe harbour during an uncertain time. Today, we are the largest commercial property insurance provider on the island. In addition to our property offering, we also have syndicated capacity through our Iron-Starr agency, which offers large limit capacity for Excess Casualty, Financial Lines and Healthcare. When you have the right people in the right place at the right time, great things can happen. Ironshore Bermuda provides the best opportunity to diversify risk in an industry that demands a syndicated approach. This approach, combined with our senior leadership team, strong balance sheet and diversified product solutions, has enabled Ironshore Bermuda to emerge as a market leader during a critical time in the insurance industry. 3 Ironshore around the world Ironshore has expanded well beyond the borders of our first office in Bermuda. In fact, with over $1.9 billion in fresh capital and more than $3.5 billion in investments in 2013, Ironshore has become one of the fastest-growing companies in the industry, supporting more than a dozen core product units in 23 offices throughout the world. Ironshore is rated A (Excellent) by A.M. Best with a Financial Size Category of Class XIV. Ironshore’s Syndicate 4000 operates within Lloyd’s, where the market rating is A (Excellent) by A.M. Best and A+ (Strong) from both Fitch and Standard & Poor’s. Ironshore provides broker-sourced specialty commercial property and casualty coverage for risks located throughout the world. Through our platform in Bermuda, including Iron-Starr Excess,SM Ironshore writes property and excess casualty insurance for global commercial risks. Ironshore’s North American operations write commercial property and casualty insurance, including a variety of specialty coverages in Aviation, Construction, Environmental areas, Healthcare Liability, Management & Professional Liability, Marine, Personal Lines and Political Risk. Specialty coverages are underwritten by Lloyd’s through Ironshore’s Pembroke Syndicate 4000. Ironshore’s international units operate primarily through Lloyd’s Syndicate 4000 and through our Dublin-based entity, providing marine, short tail specialist lines, property, casualty and liability coverages. IRONSHORE BERMUDA Operating Units Major Classes Operating Regions INTERNATIONAL • Bermuda Property • Iron-Starr • IronPro® • U.S. Property • IronHealth® • Environmental • U.S. Specialty Casualty • Political Risk • Programs • Pembroke Managing Agency • Lloyd’s Syndicate 4000 • Ironshore Europe Limited • Property • Casualty • D&O • E&O • Employment Practice • Liability • Healthcare • Professional Liability • Management Liability • Loss Mitigation • Property • Long Term Care • Casualty • Life Sciences • Managed Care • Excess Casualty • Environmental • Contractor Liability • Aviation • Credit • Personal Lines • Provider Excess • Employer Stop Loss • Surety Bonds • Marine • Cargo • Political Risk • War & Terror • Fine Art & Specie • Property • Energy • Accident & Health • Warranty & Indemnity • Kidnap & Ransom • Financial Institutions • Professional Liability • International Casualty • Worldwide • United States • Bermuda • Atlanta • Birmingham • Boston • Charlotte • Chicago • Dallas • Denver • Houston • Los Angeles • Singapore Offices UNITED STATES • Worldwide • Miami • New Orleans • New York • Philadelphia • Ridgeland • San Francisco • Simsbury • St. Louis 4 • London • Toronto • Dublin • Sydney Ironshore in our community No matter how great our expansion in the world, the core values we established in Bermuda remain unchanged. Especially our pledge to be actively involved in our local communities. Ironshore is committed to launching initiatives that engage the young people of Bermuda, create real change in the local area and have a positive cultural influence. With that in mind, Ironshore partnered with Sandys 360, Bermuda’s first campus-based community centre that serves as a hub for more than 13,000 children, adults and seniors. This national community program has become an important contribution to our friends and neighbors across the island. We support several youth basketball, cricket and aquatic programmes that provide a constructive forum for after-school and summer activities. In addition to providing financial support, Ironshore provides resources to assist Sandys 360 with financial planning and the strategic direction of the senior and junior leagues along with mentoring support. We look forward to supporting Sandys 360 and its board for years to come. Ironshore continually strives to be involved in many local charities, including the newly launched Early Teen After School Program at the Coalition for the Protection of Children, Windreach Therapeutic Riding Programme, Big Brothers Big Sisters, The Red Cross, Melange Breast Cancer, The Women’s Resource Centre, Friends of Bermuda Railway Trail, and the Centre for Talented Youth, where we provide financial assistance as well as after-school tutoring. 5 Our People & Process The right leadership builds the best partnerships. That’s why Ironshore has assembled the top talent in the industry with leaders who have helped define the areas in which they specialize. With an average of 27 years’ experience, our key executives are empowered to act like entrepreneurial owners, because indeed, they are. This means no ivory towers or silos. You have direct access to senior-level decision makers who have the freedom to immediately impact the long-term vitality and well being of your business. Our leadership team has worked in the industry long enough to know what works and what doesn’t anymore. Smart and nimble works. At Ironshore, we believe that local knowledge of each market is critical to providing the best possible protection. As a key global resource for risk diversification, our senior managers are well versed in the markets we underwrite. Our team leaders draw from broad product experience in multiple markets and regions. And as one of the largest Primary Property insurers in Bermuda, it’s safe to say we’re the experts in our market. We’re also well aware that our relationships are only as strong as our performance, so we work tirelessly to provide the best possible service, as well as product and process innovation. In today’s risk complex world, reliable guidance is needed now more than ever. Mitch Blaser Kevin Kelley Shaun Kelly CEO, Ironshore Inc. President, Ironshore Inc. Joe Roberts COO, Ironshore Inc. & CEO, Ironshore Bermuda CFO, Ironshore Inc. Peter Coleman Nicholas Wills Shane Rozario Larry Engrissei EVP, Head of International Property SVP, Senior Property Underwriter VP, Head of Property Claims SVP, Claims Manager Eric Kittleson Steve Horton Susan Pateras Chief Underwriting Officer, Iron-Starr VP, Financial Lines Manager, Iron-Starr SVP, Healthcare Practice Leader, Iron-Starr 6 Claims Process Innovation Innovation should go beyond new product offerings and customized planning. That’s why we designed a more efficient system to address and process claims. Our in-house claims department is embedded in each of our underwriting business units and operates under the same experienced leadership team. Ultimately, the people responsible for issuing high-quality policies are also responsible for policy service and support, particularly in the event of a claim. While this integrated service model seems fairly obvious, it’s unique within the industry. At Ironshore, we never lose sight of the simple fact that businesses purchase insurance because they need support in the event of a claim. And when it comes to settling a claim, no other insurance firm has a better understanding or more expeditious approach to claim management and fair resolution. We constantly monitor direct feedback we receive from our brokers and clients. This process provides us with invaluable information and enables us to make certain that we stand true to our promise and deliver on our pledge of service. With the risks that exist in the market today, there’s never been a greater need for a trusted resource that can handle your claim in a responsive and efficient manner. And at Ironshore, we’re committed to being that resource. Our personalized approach saves our clients’ time, provides the best possible protection, and is the difference between a mere insurance provider and a true insurance partner. LARRY ENGRISSEI SVP, Claims Manager 7 Bermuda Property The Bermuda Property division provides All Risks Property Cover including Windstorm, Earthquake and Flood. Our team of experienced underwriters writes an array of Global, Domestic U.S. and International risks providing up to $25 million in capacity. The Bermuda team works with clients and brokers to provide solutions tailored to their individual insurance needs, offering wordings expertise, an experienced claims team and a dedicated modeling unit. We offer prompt service and assistance on all our accounts. 8 General Commercial Property Ironshore’s general commercial property products focus on insuring property and business interruption coverage. Ironshore’s Bermuda Property team can offer capacity on a Primary, Quota Share, Excess of Loss or Full Value Basis. Ironshore underwrites both catastrophe and non-catastrophe exposed accounts. Ironshore underwrites comprehensive coverage on commercial risks across virtually all industries. These include, but are not limited to, the following: Casinos Office Buildings Financial Institutions Railroad/Transportation Healthcare Facilities Restaurants Hotels/Resorts Retail and Wholesale Operations Manufacturing Schools/Colleges/Universities Municipalities/Government Institutions Warehousing 9 Bermuda Property Products Energy Property Ironshore’s energy property insurance policies provide coverage for property damage, machinery breakdown and business interruption across virtually all classes within the specialty Energy sector within Bermuda, the U.S., and beyond. Ironshore underwrites comprehensive coverage on commercial risks across virtually all classes within the specialty Energy sector. These include, but are not limited to, the following: Alternative Energy Methanol Chemicals Mining - Non Coal Coal - Surface Pipeline Coal - Underground Petrochemical Cogeneration Power and Utility Drilling Rigs (Onshore Only) Pulp and Paper Ethanol Refineries Fertilizer Manufacturing Solvent Gas Plant Steel Geothermal Tank Farms 10 Bermuda Property Contacts Peter Coleman Nicholas Wills Executive Vice President, Head of International Property [email protected] 441-279-8200 Senior Vice President, Senior Property Underwriter [email protected] 441-279-8238 Rod Todd Karlene Antoine Senior Vice President, Senior Property Underwriter [email protected] 441-279-8334 Vice President, Property Underwriter [email protected] 441-279-8288 Ian Smith Ann Holden Vice President, Property Underwriter [email protected] 441-279-8348 Assistant Vice President, Energy Underwriter [email protected] 441-279-8331 Shane Rozario Helen Gullick Vice President, Head of Property Claims [email protected] 441-279-8260 Vice President, Contract Wordings Manager [email protected] 441-279-8221 General Email and Number [email protected] 441-279-8230 11 Iron-Starr Iron-Starr Excess SM Agency, Ltd. provides catastrophic Excess Casualty, Healthcare, and Financial Lines capacity for the Global 2000 company segment and professional services firms. Iron-Starr products are available through Ironshore Insurance Ltd. and Starr Insurance & Reinsurance Limited for both public and private companies, professional services organizations, as well as not-for-profit entities, government agencies, limited liability companies, financial institutions, limited partnerships, real estate investment trusts and joint ventures. 12 Excess Casualty Coverage is available on recognized Bermuda market policy forms as well as on a follow form basis, both occurrence, integrated occurrence and claims made. Targeted classes include agricultural business, construction, consumer products, chemical, energy, heavy industrial, medical products, real estate, telecommunication and transportation. Bermuda Market Policy Forms Our three variations of the generally accepted Bermuda Market form – ISEAXS02, ISEAXS004 & ISEAXS005 – all provide coverage on an occurrence reported basis. Iron-Starr Excess Follow Form Our Excess Follow Form Policy – ISEAFF - provides excess follow form coverage on either an occurrence or claims made basis, depending upon the risk presented. Coverage is also available on the Bermuda Shorts Form – ISEABSF. In addition, and only in respect to the Energy and Utility business segment, manuscripted claims made coverage is available on our ISEAFFAEGIS policy form. 13 Iron-Starr Products Financial Lines Iron-Starr Excess Agency, Ltd. provides excess financial lines capacity with a Follow Form Excess Policy across all financial lines and, for Errors and Omissions business, a Memorandum of Insurance. Iron-Starr products are available through Ironshore Insurance Ltd. and Starr Insurance & Reinsurance Limited for public companies, private companies, not-for-profit entities, limited liability companies, financial institutions, limited partnerships, real estate investment trusts and joint ventures. Our strong balance sheet, along with our team’s in-depth knowledge and expertise in the field, make Iron-Starr a premier partner for risk syndication in the specialty Financial Lines business sector. D&O Public Employment Practices D&O Private Fiduciary Liability D&O Non-Profit Crime Side A Errors and Omissions Single Project Architects Insurance & Engineers Representations and Warranties Cyber Liability 14 Iron-Starr Products Healthcare Ironshore launched a platform to offer meaningful capacity to mitigate risks in the Healthcare sector, including the unique ability to drop down over multiple lines of coverage where required. Coverage is available on the traditional Bermuda policy form, as well as on follow form claims made and reinsurance basis. Academic Medical Centers Physician Groups Integrated Delivery Systems Managed Care Organizations Pediatric & Specialty Hospitals Senior Care Facilities Combined Coverage Lines Iron-Starr will also write excess liability over multiple coverage lines including casualty, financial lines and healthcare. 15 Iron-Starr Contacts Mitch Blaser Eric Kittleson Chief Executive Officer [email protected] 441-279-8222 Chief Underwriting Officer [email protected] 441-279-7013 Steve Horton John Mohs Vice President, Financial Lines Manager [email protected] 441-279-7024 Senior Vice President, Excess Casualty [email protected] 441-279-7014 Victoria Williams Richard Rossomme Vice President, Financial Lines [email protected] 441-279-7020 Vice President, Excess Casualty [email protected] 441-279-7025 Shaza Murray Barbara-Anne Thorne Underwriter [email protected] 441-279-7022 Assistant Vice President, Excess Casualty [email protected] 441-279-7015 Susan Pateras Kim Bolin Senior Vice President, Healthcare Practice Leader [email protected] 441-279-7027 Underwriter [email protected] 441-279-7016 Larry Engrissei Joy LaHuta Senior Vice President, Claims Manager [email protected] 441-279-7021 Vice President, Claims [email protected] 441-279-7012 General Email & Number [email protected] 441-279-8200 16 Ironshore is located in Bermuda’s premier building on 141 Front Street, which utilizes the most progressive, green architectural innovations on the island. 17 General Contacts Mitch Blaser Joe Roberts COO, Ironshore Inc., CEO, Ironshore Bermuda & CEO, Iron-Starr [email protected] 441-279-8222 Chief Financial Officer, Ironshore Inc. [email protected] 441-279-8345 Pierre Samson Mark Heintzman Senior Vice President, Chief Risk Officer [email protected] 441-279-8315 Senior Vice President, Treasurer & Bermuda Chief Financial Officer [email protected] 441-279-8226 Lisa Freeman Michael Grayston Senior Vice President, Head of Strategic Operations [email protected] 441-279-8220 Vice President, Treasury & Investments [email protected] 441-279-8338 Andrea Mowbray Linda Sugrue Vice President, International HR [email protected] 441-279-8212 Vice President, Group Controller [email protected] 441-279-8347 General Email & Number [email protected] 441-279-8200 18 “The industry called for a better model, so we created it. Where access to experience drives results and innovation happens every day.” - Kevin Kelley CEO, Ironshore Inc. When considering a long-term insurance partner for your business, please call 441-279-8200 or visit www.ironshore.com The information contained herein is for general informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any product or service. Any description set forth herein does not include all policy terms, conditions and exclusions. Bound insurance policies, rather than summaries thereof, govern. Not all insurance coverages or products are available and policy terms may vary. Some policies may be placed with a surplus lines insurer. Surplus lines insurers do not generally participate in guaranty funds and coverage may only be obtained through duly licensed surplus lines brokers. © 2013 Ironshore Inc. All rights reserved.
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