Ironshore's President to Step Down

Ironshore Inc., a provider of broker-sourced specialty commercial property and casualty coverages for risks located throughout the world, today announced that President Bob Deutsch will leave the company, effective March 31, 2009. Shaun Kelly, currently CEO of Ironshore’s U.S. operations, will take over as president of Ironshore Inc.“Under Bob’s leadership as the company’s original CEO, Ironshore went from a start up in January 2007, to a specialty company two years later with operations in Bermuda, the U.S. and London," says Ironshore CEO Kevin Kelley. "The company ended 2008 with nearly $400 million in gross written premiums and almost 200 employees. It has been a very smooth transition, and I would like to thank Bob for his efforts on behalf of our employees and shareholders.” “I’m very proud of our team’s accomplishments during the first two years, says Deutsch. "When we hired Kevin in December, I said then how fortunate we were to recruit this uniquely qualified executive to lead Ironshore into its next stage of development. He has already substantially diversified our specialty product suite, as witnessed by our expansion into the environmental, casualty and cat excess casualty markets. It’s been a privilege to work alongside Kevin these last four months.”