Ironshore launched its real estate industry practice group and promoted one of its existing executives to help build the business.

Edward Mazman will lead the division. He’ll continue serving as executive vice president of Ironshore’s U.S. Property unit.

The real estate industry practice group will offer a wide range of specialty insurance programs for office building, shopping malls, hospitality facilities, educational institutions and residential housing complexes.

Ironshore’s industry practice structure addresses risk exposures for select, industry-specific market sectors. Other groups include energy, construction, personal lines and financial institutions.

Ironshore will soon be bought out by Fosun International Ltd. The China-based conglomerate is planning a $1.84 billion merger with Ironshore after buying the shares it doesn’t already own.

Source: Ironshore