Ironshore Overview AE Capabilities Text Goes Here 000000
Ironshore Overview & A&E Capabilities Text Goes Here 00/00/00 October 2, 2014 1
Important Notice IRONSHORE® includes Ironshore Insurance Services, LLC, Ironshore Indemnity Inc. and Ironshore Specialty Insurance Company. Ironshore Insurance Services, LLC is a licensed insurance agent and surplus lines broker and distributes insurance products sold by Ironshore Indemnity Inc. , a Minnesota-domiciled property and casualty insurer, and Ironshore Specialty Insurance Company, an Arizona-domiciled surplus lines property and casualty insurer, and acts as a general agent for other non-Ironshore insurance companies. IRONPRO®, IRONHEALTH® and IRONBUILT® are registered service marks of Ironshore. IRONSELECT℠ and IRONSHORE ENVIRONMENTAL℠ are service marks of Ironshore. The foregoing, along with IRONSHORE PROPERTY and CASUALTY, represent product lines of IRONSHORE®. Ironshore Insurance Services, LLC, Ironshore Indemnity Inc. and Ironshore Specialty Insurance Company have their executive offices at One State Street Plaza, 7 th Floor, New York, NY 10004. The descriptions herein are a summary only, and do not include all terms, conditions and exclusions of the policies described. Please refer to the actual policy for complete details of coverage and exclusions. Issuance of coverage is subject to underwriting. Coverage depends upon the actual facts of each case and the terms, conditions and exclusions of each individual policy. Policy terms may vary based upon individual state requirements and may not be available in all states. U. S. risks placed with a surplus lines insurer must be placed in accordance with surplus lines laws and other applicable laws. Surplus lines insurers do not generally participate in state guaranty funds and insureds are not protected by such funds. The information contained herein does not constitute an offer to sell or a solicitation. The information provided herein is made available only on request by an insurance professional. 2
Ironshore Overview ¡ History Ø Ø Ø Started operations in 2007 in Bermuda & US Founded by Bob Clements and initially funded with $1 B+ in PE capital Purchased Pembroke to underwrite at Lloyd’s in January 2009 Raised $300 M of new equity in 2009 & issued $250 M of senior note debt in 2010 Led by Kevin Kelley and Shaun Kelly Filed S-1 Registration Statement with the SEC in June 2014 ¡ 25 offices in Bermuda, US, UK, Ireland, Canada, Australia and Singapore ¡ Financial Stability Ø Ø Ø Surplus is $1. 74 B Total capitalization is $2. 0 B Invested assets & cash are $3. 9 B 2013 Gross Written Premium of $2. 0 B A. M. Best rating of A (Excellent) Stable Outlook and a Financial Size Category of Class XIV ($1. 5 B to $2 B) – Upgraded in June 2013 3
Architects & Engineers Appetite ¡ Appetite Ø $15 M in capacity – primary & excess (Regularly deploy $10 M) Ø Surplus Lines (Primary) & Admitted (Excess) over an admitted primary policy Ø Focus on Architects, Interior Designers, Construction Managers, Land Surveyors, and Civil / Electrical / Mechanical / HVAC / Plumbing / Fire Protection / Structural / Forensic Engineers Ø More cautious of Aerospace / Chemical / Nuclear / Soil / Hydrological Engineers, Product / Process / Machine Design, Hazardous Waste / Asbestos ¡ Coverage Flexibility Ø Ø Contractors Pollution / Pollution Legal Liability Mold Coverage Technology Services Extension Contract Specific Excess 4
New Casualty CPL / Design-Build Team ¡ Contractors Professional Liability (Including Design-Build) ¡ Project Specific Professional (Multi-Year) ¡ Owners Protective Professional Indemnity (Multi-Year) ¡ CONTACT: Valerie P. Onderka Atlanta, GA Office: (404) 845 -7560 Cell: (404) 809 -0202 valerie. onderka@ironshore. com 5
Pre-Claim Assistance & RM Services ¡ Pre-Claim Expenses means reasonable and necessary fees, costs and expenses incurred by or on behalf of the Named Insured with the prior written consent of the Insurer, in the investigation of a specific Potential Claim. Ø Contract Review –contract review services focusing on limitation of liability/indemnity provisions, insurance requirements, suspension/termination rights and scope of services. The review is generally conducted within 48 hours. Ø Risk Management Seminars - free 2 hour Risk Management Seminars and In. House Round Table discussions Ø On-Line Legal Services – experienced counsel capable of promptly responding to routine A&E questions that may arise in the field or during daily practice 6
Pre-Claim Assistance & RM Services ¡ New England Region (ME, NH, VT, MS, RI, CT) Ø Peabody & Arnold, LLP (Boston) Ø Wilson, Elser, Moskowitz, Edelman & Dicker, LLP (New York) ¡ Tri-State Plus Region (NY, NJ, PA, DE, MD) Ø Wilson, Elser, Moskowitz, Edelman & Dicker, LLP (New York) Ø Winget, Spadafora & Schwartzberg, LLP (New York) ¡ Mid-Atlantic Region (WV, VA, NC, SC, GA) Ø Freeman, Mathis & Gary, LLP (Atlanta) Ø Janik, LLP (Hilton Head) ¡ Florida Region (FL) Ø Daniels Kashtan (Coral Gables) Ø Kubicki Draper (Fort Myers) 7
Pre-Claim Assistance & RM Services ¡ Deep South Region (AL, MS, TN) Ø Lloyd, Gray, Whitehead & Monroe, PC (Birmingham) Ø Wilson, Elser, Moskowitz, Edelman & Dicker, LLP (New York) ¡ Midwest Region (OH, MI, KY, IN, IL, WI, MN, ND, SD, IA, MO, AR, KS, NE, MO) Ø Foley & Mansfield (Chicago) Ø Wilson, Elser, Moskowitz, Edelman & Dicker, LLP (New York) ¡ Texa-Ok-Lou Region (TX, OK, LA) Ø Winget, Spadafora & Schwartzberg, LLP (Houston) Ø Wilson, Elser, Moskowitz, Edelman & Dicker, LLP (New York) ¡ All West Region (CA, NV, AZ, NM, CO, UT, OR, ID, WY, WA, AK, HI) Ø Morris, Polich & Purdy, LLP (Los Angeles) Ø Trachtman & Trachtman, LLP (Laguna Hills) 8
Claims ¡ Experienced in-house claims team based in New York Ø Mike Mitrovic - Global Head of Claims Ø Michael Adler - VP of Iron. Pro Claims Ø Tom Zawistowski – Dedicated A&E Claims Professional ¡ Integrated claims and underwriting Ø Accessible Ø Relationship focused ¡ Surveys conducted after each claim Ø 92% had a positive overall claims experience with Ironshore Ø 95% found the claims professional knowledgeable about the claim Ø 96% found the claims professional responsive and courteous 9
QUESTIONS? Christine De. Felice Iron. Pro New York v +1 646 826 6641 m +1 646 549 0758 christine. defelice@ironshore. com Danny Sonon Iron. Pro New York v +1 646 826 4936 daniel. sonon@ironshore. com David Garrigus Iron. Pro Chicago v +1 312 496 7512 m +1 847 924 3277 david. garrigus@ironshore. com Tom Zawistowski Iron. Pro New York Claims v +1 646 826 4982 thomas. zawistowski@ironshore. com
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