New York — The Excess Line Association of New York approved Ironshore Insurance Ltd. as an eligible excess and surplus lines insurer, reports the Hamilton, Bermuda-based specialty lines insurer.

Ironshore, which has approximately $1 billion of capital, will provide commercial property catastrophe insurance on an excess and surplus basis for risks located in the state of New York.

New York is a key state for Ironshore, notes Les Rock, Ironshore’s chief underwriting officer. “We’re looking forward to entering the commercial property surplus lines market, and view this approval as a ‘win-win’ for both Ironshore and New York business owners,” says Rock.

With the launch of IronPro in May 2007, IronBuilt in October 2007 and IronHealth in March 2008, Ironshore’s U.S. companies serve the professional liability, construction and health care liability specialty market sectors.

Source: Ironshore Insurance Ltd.

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