Ironshore to acquire Australian specialty insurer

Ironshore has announced its intention to acquire Assetinsure, an Australian specialty insurer providing surety, aviation, credit and property coverage.

The move forms part of a strategy by Ironshore to further develop its presence in Australasia.

Commenting on the intended acquisition, Kevin Kelly, CEO of Ironshore says: “Assetinsure has established an insurance platform that allows Ironshore to broaden its product offerings within the region. We welcome the Assetinsure team and look forward to this strategic expansion opportunity for building our presence throughout the Australasian insurance market.”

The deal is subject to regulatory approval.