Ironshore Insurance gains surplus lines eligibility to underwrite in Texas

Ironshore Insurance Ltd has been deemed eligible to write property, property catastrophe and casualty insurance on an excess and surplus basis for risks located in the State of Texas.

Recently formed, Ironshore is a Bermuda-based specialty insurance company with over $1 billion of capital. Robert Deutsch, chief executive Officer of Ironshore said: "Texas is an important state for us, and we're very pleased to be eligible as a surplus lines insurer. There is a great need for the specialty lines coverages we offer, and we look forward to providing insurance solutions for the citizens of Texas."

Les Rock, Ironshore's chief underwriting officer, said, "Acceptance in the Texas marketplace is an exciting opportunity for Ironshore to provide Texas business owners with property catastrophe and property all-risk insurance coverages. We're looking forward to growing our market presence in the State of Texas."

Ironshore provides broker-sourced specialty commercial property and casualty coverages for risks located throughout the world. Ironshore's initial market profile included property catastrophe and property all-risk coverage for small to mid-sized commercial risks.

With the launch of its IronPro division, Ironshore has recently expanded its platform into the Professional Liability market sector. Ironshore Insurance Ltd was rated A - (Excellent) by A.M. Best Company.