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Ironshore subsidiary to open Shanghai office

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Ironshore International said Wednesday that its subsidiary, Pembroke Managing Agency, will open a Shanghai-based office in January as part of the Lloyd’s of London China platform.

The Pembroke Managing Agency will underwrite specialty lines of business, initially focusing on the agriculture, marine and health care sectors. Tracy Ma will lead underwriting of specialty lines, Ironshore International said in a statement.

“Ironshore’s parent Fosun (International Ltd.), headquartered in Shanghai, positions us with clear distinction in the local market, allowing us to offer onshore specialist products to meet growing demand within this vibrant city,” Mark Wheeler, CEO of Ironshore International said in the statement. “Tracy has a proven background in specialty lines insurance, and we are fortunate to have her join Ironshore to optimize our relationships with Fosun’s network of portfolio companies throughout China.”