Iron-Starr Excess Agency, a Bermuda-based managing general insurance agency and subsidiary of Ironshore, will be underwriting certain lines of insurance on behalf of Oil Casualty Insurance (OCIL).
This is part of an agreement between Ironshore and OCIL and will be effective immediately.
Iron-Starr will begin underwriting transactional liability, directors & officers’ liability and cyber liability for OCIL with maximum lines sizes of five million EURO, USD, or GBP.
Jerry Rivers, chief operating officer of OCIL said: “OCIL is pleased to expand its relationship with the Ironshore Group while implementing our strategy to diversify our risk profile by expanding industry segments and coverages.
“It is important to us that our growth is accretive to our bottom line which requires partnering with individuals and firms that have the expertise and production platforms that OCIL can rely upon.
She continued: “We have found that partnership in Iron-Starr for specialty lines of business such as transactional liability, cyber liability and directors and officers’ liability.”