Ironshore unit starts fidelity and crime insurance business

IronPro, the professional and management liability unit of Ironshore Inc., will enter the fidelity and crime insurance market with product capacity limits available of up to $30 million.

Kevin Finn has been named as fidelity and crime product manager, and he will be responsible for managing the underwriting of all lines of business related to crime, the Hamilton, Bermuda-based insurer said in a statement Monday.

“Fidelity and crime insurance is an increasingly important sector within IronPro’s suite of specialty management liability line products,” said Thomas F. Leahy, executive vice president of IronPro in the statement. “Kevin’s recognized expertise in underwriting coverages for fidelity and crime risks will build upon Ironshore’s recently announced inclusion in the U.S. Treasury Listing of Approved Sureties to drive the growth of IronPro’s fidelity portfolio.”

Previously, Mr. Finn was a member of the management liability, fidelity and crime product group and oversaw marketing and underwriting management for the Mid-Atlantic office of The Hanover Insurance Group Inc.

Mr. Finn is based in Philadelphia.