Ironshore’s US specialty casualty unit has launched an excess casualty solution for US companies with international operational risk exposure.
The new product, Ironshore International Connect, simplifies the process whereby US companies obtain required liability coverage for international risks in regulated markets worldwide.
Coverage will be delivered on a locally-admitted basis and is designed to be compliant with local law and regulation. Terms will be written in English and as with Ironshore’s domestic US excess liability programme, extend limits of up to $50 million
Commenting on the extension of Ironshore’s offering, Ironshore’s president of US specialty casualty, Tim McAuliffe says: “Compliance and regulatory guidelines in local markets worldwide can create a burden on US-based companies to ensure that insurance coverage is compliant in addressing overseas operational risks.
“Ironshore has the ability to provide an effective solution that mirrors the existing US excess casualty program to provide insureds with comprehensive, locally-admitted coverage with ease of administration.”
Ironshore, casualty, insurance, international