Joe Roberts, most recently an executive vice president and chief financial officer overseeing Alterra’s global expansion, has stepped in as chief financial officer at Ironshore. He will be based at the company’s head office in Bermuda and report directly to CEO Kevin Kelley.
Kelley said: “Ironshore is pleased to have Joe join our leadership team, as he is a highly regarded industry executive who is well-respected by colleagues within the financial services sector. We look forward to working with him as we continue to build and expand upon Ironshore growth strategies in global markets.”
Roberts’ appointment coincides with a ratings upgrade from AM Best for the reinsurer and all of its subsidiaries. Ironshore's issuer credit rating was upped from "a-" to "a" with a stable outlook.
The upgrade, according to the rating agency, reflects Ironshore’s strong capitalisation and enhanced business profile. The agency said: “the organisation has made notable progress regarding the build out and transformation of its franchise under the current management. In addition, Ironshore continues to attract highly qualified insurance professionals with established business relationships to add depth to the organisation.”
appointment, Ironshore, Alterra