Posted on 15 Feb 2013 by Neilson
Ironshore Inc. has acquired managing general underwriter Excess Risk Reinsurance, which specializes in employer stop loss insurance. The US-based firm will operate as a wholly-owned subsidiary of Ironshore Insurance Services.
Excess Risk Reinsurance's president Steven Parker and executive vice-president David Dausman will continue serving in executive leadership positions under the new ownership structure.
IronHealth president and Excess Risk Reinsurance chief executive Matt Dolan said: "ERR enjoys an excellent reputation in the employer stop loss market and has a demonstrated track record of success. This business is a great addition to Ironshore's US business and, more specifically, will complement the provider excess and health maintenance organisations reinsurance products that we write within our healthcare business.
"We are confident that Excess Risk Reinsurance will benefit immensely by having access to Ironshore's national distribution platform. In addition, this is another example of Ironshore bringing additional product value to our producers."
Parker said: "Excess Risk Reinsurance is excited about our new partnership. Ironshore's solid reputation, infrastructure and nationwide distribution network can only enhance the attributes that have made us successful over the years."