Wednesday, February 28, 2018

Ironshore

Ironshore recognizes the importance of the energy sector and has customized specialty product offerings to meet these unique needs. Our energy specific Industry Practice Group is focused on providing solutions for the ever changing and demanding energy marketplace. Ironshore’s infrastructure provides access to senior leaders that have in-depth energy expertise, and our proven track record for smart, efficient service is well regarded in the energy industry. Ironshore’s dedicated Energy Industry Practice Group underwrites comprehensive coverages on commercial risks across virtually all classes within the Specialty Energy Sector including U.S. and International Casualty, Environmental, Global Property, Global Offshore Energy, Marine Cargo, International Liability, Professional Liability, Financial Lines & Excess Casualty, and Political Risk.

Strong coordination between various product lines

Coverage compliments existing comprehensive coverages on commercial perils across our diverse specialty book of business



Access to multiple markets and Ironshore’s global distribution
Coverage for up to $50M in limits for select business lines
Global Expansion: Development of the Lloyd’s platform and international expansion in the Asian, Australian, Canadian, E.U., U.K. and Latin American markets
Leadership: Experienced underwriting management team

Growth across all lines with our energy portfolio split roughly 50% casualty, 50% Property/Short Tail



Downstream (Onshore): Refineries, Petrochemical and Chemical Plants, Gas works, Terminals and Tank Farms, Underground Storage, Chemical Fertilizer Plants, Marketing and Distribution of Petroleum Products

Midstream: Transportation by Pipeline or Vessel, Gathering, Separation and Storage
Upstream (Offshore): Exploration, development and production assets and activities, offshore and onshore. Production Platforms, Mobile Offshore Drilling Units, Floating Production storage off Loading Units, Offshore Construction activities, lease operators and non-operators, contracting over the hole and contracting down the hole

Mining: Underground Mining, Surface Mining, General Mining, Coal and Hard Rock Mining
Other: Steel Manufacturing, Electric Utilities and Alternative Energy, Alternative Electric (wind and solar), Renewables, Nuclear, Power Generation and Paper & Pulp


Our coverage includes upstream exploration and production, mid-stream assets including finished product pipelines and gas processing, refining including topping plants, electric and nuclear utilities, Independent Power Producers (IPP), electric co-ops and Independent Service Operators (ISO) in the U.S. We also cover mining, both above and below ground.

Ironshore Environmental’s Site Pollution Incident Legal Liability Select (SPILLS) policy provides comprehensive environmental coverage for the energy sector, including oil and gas exploration and production, gas processing facilities, pipelines, storage terminals, refineries and gas stations. Other energy-related classes of business we consider are utilities, including coal and gas-fired power plants, alternative energy plants, petrochemical facilities and mines. Broad environmental liability coverage is also available for all classes of contractors working in the energy sector via our Contractors Environmental Legal Liability (CELL) policy.

The Financial Institution industry sector represents a strategic imperative to Ironshore. It is a sector that Ironshore is committed to as an identified core target market.

To enhance our offering we have created a focused Industry Practice Group to harness the expertise of all our relevant underwriting units and ensure Ironshore provides a pro-active and co-ordinated response to emerging exposure demand, engaging with producers and their clients. This reflects Ironshore’s ongoing commitment to developing innovative insurance solutions to address evolving risk in the Financial Services sector.

Our Financial Institutions Industry Practice Group underwrites across the full spectrum of financial institutions providing insurance solutions for banks, asset or fund managers, investment funds/vehicles, private equity or venture capital firms, financial exchanges and insurance companies, providing comprehensive coverages for financial institutions within all classes of the specialty property and casualty market. The types of relevant insurance we currently provide include Directors and Officers Liability, Data Privacy Liability, Professional Indemnity, Crime, Fiduciary Liability, Employment Practices Liability, Property, Terrorism, Casualty, Political Risk/Trade Credit, Environmental Liability, Specie, Fine Art & Vault Risk, Finance Breach of Warranty and Mergers & Acquisitions Insurance.

The product suite will continue to develop to meet demand as exposure evolves.
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