Ironshore opens property/casualty production center in BostonPosted On: Feb. 23, 2012 12:00 AM CST
HAMILTON, Bermuda—Ironshore Inc. has opened a property/casualty production center in Boston dedicated to the wholesale market, the company said Thursday.
The Hamilton, Bermuda-based insurer said in a statement the center will serve the eastern U.S. region, including New England, New York, Atlanta and the Mid-Atlantic regions. It will complement Ironshore's Risk Agency, a St. Louis-based unit of Ironshore Insurance Services L.L.C. that will continue to service the wholesale insurance market through its central and western geographic footprint within the U.S.
The company said Steven J. England, executive vp of Ironshore Insurance Services L.L.C. will oversee Ironshore's wholesale distribution platform nationwide and will be responsible for the Boston and St. Louis centers. Timothy White has been named manager of the Boston property team, and Michael Sharis will assume responsibilities for Boston casualty lines, the company said.
The company said Rick Wood will head the St. Louis casualty business unit, while Joseph Pisoni will manage the St. Louis property business unit. Joseph Palumbo will continue to serve as senior vp and agency executive, responsible for development and execution of property/casualty strategic growth within the U.S.
Ironshore Risk Agency, has produced more than $275 million in gross written property/casualty premium with the wholesale insurance market since the initiative was launched in January 2009, the company said.
Last month, Ironshore Inc. announced Bermuda-based Ironshore Insurance Ltd. has been designated the insurer's center for energy to consolidate all new property energy underwriting in one location.