Backed by $1 billion in capital and a broker sponsor, a new Bermuda-based insurer has been formed to write U.S. property-catastrophe risk.
Known as Ironshore Insurance Ltd. Inc., the venture said it raised more than $1 billion through a private placement of its equity securities and will begin underwriting specialty lines of insurance immediately through its subsidiary, Ironshore Insurance Ltd.
The global specialty insurer was created in response to the crisis conditions in the U.S. property-catastrophe insurance markets, the firm said.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
