Ironshore Insurance Ltd. Approved As An Eligible E&S Insurer In New York State

Hamilton,UK - Ironshore Insurance Ltd. was added on April 23, 2008 to the Excess Line Association of New York (ELANY) list of eligible E&S insurers. Ironshore will provide commercial property and property catastrophe insurance on an excess and surplus basis for risks located in the state of New York.

Ironshore Insurance Ltd. is a Bermuda-based specialty insurance company with approximately $1 billion of capital. "We are pleased to be approved by the Excess Line Association of New York and we expect to grow our market presence in New York State," said Robert V. Deutsch, Chief Executive Officer of Ironshore.

Les Rock, Ironshore's Chief Underwriting Officer, commented, "New York is a key state for Ironshore and we're looking forward to entering the commercial property surplus lines market. We view this approval as a 'win-win' for both Ironshore and New York business owners. Ironshore brings new capacity and creative solutions for property catastrophe and property all-risk insurance coverages."

Ironshore provides broker-sourced specialty commercial property and casualty coverages for risks located throughout the world. Through its platform in Bermuda, Ironshore writes property insurance for small to mid-sized commercial risks. With the launch of IronPro in May 2007, IronBuilt in October 2007 and IronHealth in March 2008, Ironshore's US companies serve the Professional Liability, Construction and Healthcare Liability specialty market sectors. Ironshore is rated A- (Excellent) by A.M. Best Company with a Financial Size Category of Class XI.

SOURCE: Ironshore Insurance Ltd.