Liberty Mutual rebrands Ironshore Bermuda units
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Liberty Mutual Holding Co. Inc.’s Liberty Specialty Markets division on Thursday said it will integrate its Ironshore Bermuda businesses and brands into a single business called Liberty Specialty Markets Bermuda.
Ironshore in Bermuda historically comprised two businesses: Ironshore Bermuda, which opened in 2007, writing property, energy and specialty insurance and reinsurance; and Iron-Starr Excess Agency, which began in 2009 writing excess casualty, financial lines and health care.
The new operation, based in Hamilton, Bermuda, will be led by Steve Horton, who currently serves as chief executive of Iron-Starr Excess Agency, Liberty Specialty Markets said in a statement. He will become president of Liberty Specialty Markets Bermuda subject to approval by the Bermuda Department of Immigration.
Liberty Specialty Markets said the new business will use the managing general agency structure, previously Iron-Starr Excess Agency Ltd., across its product lines, enabling each business to provide Liberty capacity as well as access to third-party capital.
Liberty Mutual Group acquired Ironshore Inc. in 2017.
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