Summary
It's been a year since Bermuda-based specialty insurer Ironshore burst on the insurance scene with $1 billion of capital in its pockets and a determination to patch a hole in the US property catastrophe market. The specialty carrier made what CEO Robert Deutsch called a very attractive profit in its first year of operation. He credits solid underwriting and cooperative weather. Five years from now, the CEO envisions an insurer with substantially larger premiums -- a $2 billion to $3 billion company. Les Rock, Ironshore's president and chief underwriting officer, is behind Ironshore's push to seek permission to write property catastrophe insurance in US states along the Gulf Coast, when others are fleeing those markets.
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New Year's Resolution
It's been a year since Bermuda-based specialty insurer Ironshore burst on the insurance scene with $1 billion of capital in its pockets and a determination to patch a hole in the U.S. property ca...
See the full content of this document
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