Ironshore offers specialty cover for environmental risks during M&As

Ironshore International said on Wednesday that its mergers & acquisitions unit has enhanced its coverages to include environmental risks that can arise during deals.

The Hamilton, Bermuda-based insurer said that the environmental coverage for M&A was made possible through collaboration with its environmental unit, Ironshore Environmental.

Specifically, the new coverage offers companies undergoing a merger or acquisition coverage for first and third-party exposure for reimbursement of cleanup and remuneration costs, and third-party liabilities arising from damage surrounding sudden, accidental and gradual pollution incidents.

“Ironshore’s comprehensive cover is underwritten by a team of specialists with in-depth understanding of the nuances of diverse mergers and acquisitions transactions and environmental risk exposures,” Robert Brown, global head of Ironshore’s Mergers & Acquisitions Unit said in a statement. “Our cross-divisional expertise provides clients with customized insurance solutions that could, otherwise, significantly impact the success of an M&A deal.”

“Ironshore Environmental is thrilled to be joining forces with our M&A group to provide environmental solutions to issues that can often hinder a domestic or international M&A transaction from closing or adversely affect the offers terms and conditions,” John O’Brien, CEO of Ironshore Environmental, said in the statement.