Ironshore and C.V. Starr & Co. Form Venture

Iron-Starr Excess Agency Ltd., a joint venture between Ironshore Inc. and C. V. Starr & Co. Inc. will act as a specialty lines insurance and reinsurance managing general agency, domiciled in Bermuda. Iron-Starr Excess will write catastrophic excess casualty insurance products, targeting Fortune 2000 and other clients purchasing cat excess coverages, according to Ironshore. Policy limits up to $75 million will be issued.

“This partnership enables Ironshore to enter the excess casualty market with additional backing and support to offer larger limits, consistent with the needs of our clients,” says Kevin Kelley, Ironshore’s CEO. “We look forward to developing a long-standing relationship with C. V. Starr, and are excited about this new venture. This arrangement will assure customers that during these challenging times, they have a syndicated alternative that understands their needs and have the experience to be a long-term solution.”