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Ironshore announces expanded partnership with Oil Casualty

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Oil Casualty Insurance Ltd. has expanded its partnership with Iron-Starr Excess Agency Ltd. to underwrite property lines, Ironshore Inc. said Wednesday.

The announcement was made by New York-based Ironshore, a unit of Liberty Mutual Insurance Group, one of the insurers on whose behalf Hamilton, Bermuda-based Iron-Starr writes.

Ironshore said the broadened relationship with Hamilton, Bermuda-based OCIL will enable Iron-Starr to deliver an increase in syndicated capacity for commercial property risks, including natural catastrophe perils, within the Bermuda market.

The statement said OCIL’s expanded relationship with Iron-Starr will focus on further building its presence in the direct and facultative property insurance sector.

Iron-Starr is authorized to underwrite this insurance with limits separate and distinct from coverage offered directly by OCIL’s property team, the statement said.