Ironshore Inc. has announced the addition of Hamilton Re as a subscribing insurer to the Iron-Starr Excess Agency Ltd.
Iron-Starr currently underwrites on behalf of Ironshore Insurance Ltd. and Starr Insurance & Reinsurance Ltd. With the addition of Hamilton Re, Iron-Starr will be able to offer increased capacity for casualty, financial lines and healthcare, the company said in a statement.
Iron-Starr was founded to offer syndicated capacity to clients for excess liability products through a single access point, the company said, and the addition of Hamilton Re creates a larger pool of excess capacity available to current and potential clients.
“This partnership is a positive step for both the Iron-Starr agency and for the Bermuda market overall as we further advance the concept of syndication of risk. Iron-Starr can now provide additional market capacity, through a single access point, to strongly rated and well-respected insurance carriers,” said Iron-Starr CEO Mitch Blaser.
“We are pleased to join Ironshore in this new venture, which dovetails nicely with our plans for growth and development,” said Kathleen Reardon, Hamilton Re CEO. “Iron-Starr’s established book of business, seasoned team of underwriters and first-class claims operation provide a sound business case for our access to direct business. We are looking forward to the opportunities presented by this partnership.”