Ironshore Subsidiary Gets Japanese Approval
Ironshore International, a subsidiary of Bermuda’s Ironshore Inc., announced today [Apr. 8] that its Lloyd’s Pembroke Syndicate has been authorised by the Japanese Financial Services Authority to offer Representations & Warranties coverage through Lloyd’s Japan.
Ironshore said its “Mergers & Acquisitions [M&A] unit provides insurance solutions on a global basis for complex multinational corporate transactions. Through its relationship with Lloyd’s Japan, Ironshore’s Pembroke Syndicate will provide up to £25 million [$38 million] in capacity per transaction.”
“M&A insurance on international transactions has increased significantly over the past two years,” stated Robert Brown, Ironshore International’s Global Head of M&A, in speaking from Tokyo to announce the expansion. He added that Ironshore’s position in this specialty market sector would enable it to offer “innovative M&A insurance solutions directly to Japanese clients through Lloyd’s Japan.”
Ironshore International’s M&A suite of insurance products includes ”Buyer, Seller, and Tax representations and warranties coverage for transactions worldwide. In addition to M&A product lines, Ironshore’s Pembroke Syndicate provides specialty coverage for Financial Lines, Global Property, High Value Cargo, and other select specialty risks.”
Ironshore was founded by industry leaders Bob and John Clements in Bermuda in 2006 and offers Property and Casualty Insurance, Energy Insurance, Construction Insurance, Environmental Insurance among other products.
