Ironshore has announced its acquisition of Excess Risk Reinsurance (ERR), a managing general underwriter specialising in employer stop loss insurance, which will now operate as a wholly owned subsidiary of Ironshore.
ERR offers specific and aggregate excess loss coverage and provides access to nationally recognised transplant networks to meet the specialised insurance needs of self-funded employers through third-party administrators, brokers and consultants.
ERR is led by industry veterans Steve Parker, president, and David Dausman, executive vice president, who will continue serving in executive leadership positions under the new ownership structure.
Matt Dolan, president of Ironhealth and CEO of ERR, commented: “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 ERR 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.”
Ironshore, US, insurance, excess loss coverage, healthcare