Ironshore International's specialty casualty unit of Ironshore Europe Limited (“IEL”) and its Pembroke Lloyd's Syndicate 4000 have joined with Lloyd's Antares Syndicate 1274 and Markel Global Insurance to form XXV Consortium.
The newly created XXV Consortium will focus on lead umbrella liability cover for U.S.-based corporates and will begin underwriting commercial risk as of July 1, 2015. XXV Consortium will have capacity limits of up to $25 million (USD) for occurrence, occurrence reported, or claims-made policies, Ironshore said.
“XXV Consortium represents a syndicated approach to underwriting U.S lead umbrella lines of business via a single access point,” said Chris Horton, the senior vice president, and director of U.S. liability for IEL.
Commenting on behalf of Markel Global Insurance, John Boylan, the chief underwriting officer of excess liability noted, “We are delighted to be in the position to offer support to this initiative and believe the overall consortium team has the requisite underwriting expertise, financial security, and broad relationships to make a difference in this underserved sector of our market.”
XXV Consortium will be managed and underwritten by IEL and led by Mark Hill, the senior vice president of Ironshore Specialty Casualty.
Learn more: http://www.ironshore.com/.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].