Boren’s remit will be helping the firm identify other key industry individuals to build out the new advisory group, mandated to focus on market engagement, innovation, strategy, and thought leadership.

He is an industry veteran with five decades of experience, with a special focus on the environmental sector, and currently serves as a Senior Advisor at Synapse Services, LLC, the US wholesale broker.

Mitch Blaser, Co-CEO of Mosaic, commented on the appointment: “Joe is a trusted colleague and progressive industry leader who has had a remarkable career in the specialty insurance space, and we couldn’t be happier to have him join us in this strategic endeavour.

“His leadership of this high-level panel of experts is an asset as we move to accelerate the buildout of our business, with emphasis on our three largest lines, cyber, and transactional and environmental liability.”

Throughout his career, Boren has held several leadership and management roles, including nearly a decade as President of US field operations, and Chairman of Environmental at Ironshore Inc.

Boren added: “I’m excited to join the advisory board of Mosaic. Mitch was a driving force behind the creation of Ironshore, and, with Mark and other colleagues at the company, built a strong international presence. It will be fun to join them, and my friend and colleague Toby, to assist as they continue to build this dynamic specialty company.”

His other roles include being the Chairman and Chief Executive Officer of AIG’s environmental division, where he built both the company’s environmental portfolios.

The firm stated that under his leadership in the sector, many environmental-risk executives developed to top positions across the industry, including Toby Smith, whom he hired at Ironshore and last week was announced as Mosaic’s newly appointed CEO, Americas.

Smith said: “I look forward to working with Joe, who has been a mentor and friend of mine for many years. Mosaic stands to benefit enormously by having someone of his caliber lead our advisory board.”

Mark Wheeler, Co-CEO, further added: “It’s a privilege to welcome Joe as chair of what we envision will be an esteemed group of experts who can offer our teams excellent guidance and connectivity to a valuable network of industry relationships. The deep knowledge of leaders like Joe has been honed across market cycles and business lines and it will provide Mosaic with a competitive advantage.”

Launched in February 2021, Mosaic works across several industry segments, its model combines capacity from the firm’s Lloyd’s syndicate, 1609, with capital from carrier partners seeking regional access and expertise in non-commoditised lines.

The post Joe Boren to chair Mosaic Insurance’s new advisory board appeared first on ReinsuranceNe.ws.

The changes are set to improve business operations and better serve retail and wholesale brokers in efforts to meet the changing and increasingly complex and interconnected needs of businesses, says Liberty Mutual.

Henceforth, all US commercial, specialty and E&S products placed via retail brokers are to be Liberty Mutual branded, with Ironshore becoming a wholesale-exclusive brand.

GRS North America Specialty and Ironshore President Matt Dolan, said, “Since Liberty Mutual’s acquisition of Ironshore in 2017, we have offered commercial, specialty and E&S products under both the Liberty and Ironshore brands, regardless of channel.”

“The distinction between Liberty Mutual for retail and Ironshore for wholesale will create a clearer, more consistent experience for customers and partners and demonstrates our dual-channel commitment.”

Liberty Mutual affirmed that wholesale and retail brokers should continue to work with their current underwriting and distribution contacts and can expect to see branding changes rolled out over the coming months.

The post Liberty Mutual announces changes to dual-channel speciality and E&S distribution strategy in US appeared first on ReinsuranceNe.ws.

She will be responsible for the development and execution of integrated underwriting and sales strategy, dedicated to serving wholesale brokerages in the United States.

In her new role, Killimett will be based in Atlanta and will report to Toby Smith, President of Ironshore Environmental.

Smith commented on Killimett’s new role: “Kelly’s appointment reflects our commitment to the wholesale distribution channel. As demand for our environmental products continues to increase, we recognize the need to differentiate our underwriting teams and develop more customized solutions for our retail and wholesale distribution channels.

“Kelly’s deep experience and proven leadership will enable us to expand our wholesale offering in collaboration with our broker partners.”

Killimett has more than 15 years of environmental underwriting experience with a focus on wholesale distribution. Throughout the past eight years, she has served in various leadership roles at Argo Group, most recently as head of the environmental business unit.

Killimett began her underwriting career with a retail insurance agency offering commercial lines coverages.

The post Ironshore Environmental hires head of wholesale appeared first on ReinsuranceNe.ws.

The company’s CELL solution responds to third-party bodily injury, property damage and remediation of environmental damages driven by pollution incidents caused by the contractor’s work at a job site. Ironshore notes that a pollution incident is not required to trigger a professional incident.

Both general and artisan commercial contractors with revenues of under $75 million, and which do not provide or subcontract professional services, can acquire Professional Liability cover that is offered via endorsement, says Ironshore.

Adding that cover is provided on a claims-made basis and can be written on either a practice or project basis. CELL with Professional Liability coverage is available with a minimum premium of $2,000 and with a maximum deductible of $5,000.

President of Ironshore Environmental, Toby Smith, commented: “With the ability to add Professional Liability coverage to Ironshore Environmental’s CELL policy, brokers and insureds can feel comfortable they are getting the broad coverages they need and that contracts are requiring.”

Additionally, CELL includes cover for pollution liability associated with transportation, non-owned sites and time-element pollution incidents at an insured’s own site, and also costs associated with image restoration, disinfection events and pre-claim expenses.

The post Ironshore Environmental enhances CELL solution appeared first on ReinsuranceNe.ws.

Going forward, the company will have dedicated wholesale underwriting resources in the US for its core specialty businesses of property, casualty, environmental, health and professional lines, as well as additional regional distribution resources.

The expanded wholesale distribution team will aim to provide the brokerage market with regional access points to support the localised delivery of wholesale products and services.

“Ironshore is investing in a more focused strategy to better meet the unique localized needs of our wholesale brokers, executing upon a balanced and diversified product platform,” stated Ben Johnson, Senior Vice President, Wholesale Distribution.

“We are building preferred wholesale market partnerships, dedicating underwriters and a distribution team specifically to provide exceptional service and solutions for those partners.”

The wholesale distribution team will operate in three regions with assigned executive heads based in respective Liberty Mutual offices.

Jessica Ferguson will be Wholesale Branch Executive East, based in Boston, while Tara Houvenagle is Wholesale Branch Executive Central, based in St. Louis, and Eric Guinan is Wholesale Branch Executive West, based in Los Angeles.

Together, they will oversee the development and placement of products and services across Ironshore’s wholesale distribution channels.

The team will also work with regional underwriting leadership and dedicated specialty wholesale underwriters for Ironshore’s five primary business lines.

The post Ironshore reorganises wholesale distribution operations appeared first on ReinsuranceNe.ws.

Effective November 1, Leahy will be responsible for overseeing all aspects of marketing, underwriting and distribution of IronPro professional and management liability lines to retail and wholesale markets.

He will report to Matthew Dolan, president, Libery Mutual’s North America Specialty division and Ironshore.

“Tom joined Ironshore at its inception and has been central to building IronPro’s operating model and leading the team’s post-acquisition integration efforts with Liberty Mutual,” said Dolan.

“In his new leadership role, Tom will be focusing on engaging the IronPro team to maximize their market presence, ensure profitability of the book, and drive operational efficiencies.”

Leahy has been with Ironshore for more than twelve years; helping launch IronPro in 2007 and establishing its underwriting operations for professional and management lines to serve distinct sectors in the market.

Most recently, he was executive vice president and Chief Underwriting Officer of IronPro’s management liability book.

The post Ironshore appoints Leahy president of IronPro appeared first on ReinsuranceNe.ws.

The app includes tools such as incident history, assistance with required regulatory reporting and communication with Ironshore’s panel of environmental consultants and experts.

IronResponse is also equipped with geo-location technology that can isolate the site with accuracy of within 3 to 5 meters.

It will be provided to every Ironshore Environmental policyholder and activates an instantaneous connection with the call centre to identify the account, thereby reaching an Ironshore claims manager in less than five minutes.

“Quick response and damage mitigation are synonymous with sound, effective environmental risk management,” said Tom Duggan, Chief Claims Officer, Ironshore Environmental.

“Swift event reaction and expert remediation are important to the risk manager’s bottom line, as well as to the insured’s reputational risk.”

The post Ironshore Environmental app enables real-time event alerts, reporting appeared first on ReinsuranceNe.ws.

Steven Beadle has been named Chief Financial Officer, while Chen Foley becomes Head of Bermuda Claims.

Both promotions take place with immediate effect and follow last year’s integration of the company’s Ironshore Bermuda brands into a single business branded as Liberty Specialty Markets Bermuda.

“Both Steven and Chen have played major roles in the development of the Bermuda platform and Ironshore’s integration to LSM,” said Steve Horton, President of LSM Bermuda.

“The Bermuda platform continues to grow and we have recently added a reinsurance offering. We are focused on continuing to deliver excellent service to our clients and brokers, whilst building our product suite and new carrier partnerships.

“Steven and Chen are key to our ongoing success and I congratulate them both on their respective promotions.”

Beadle, joined Ironshore in 2008 and was made Corporate Controller in 2017 after having served for three years as Financial Controller (Bermuda), will report to Steve Horton, President of LSM Bermuda and Steve McMurray, Chief Financial Officer of LSM.

Foley, who was previously Head of Claims for Iron-Starr, will now help bring together the former Ironshore business lines and property claims teams.

He will report to Horton and Mike Gillett, Chief Claims Officer, Liberty Specialty Markets.

The post Liberty Specialty Markets makes two senior promotions in Bermuda appeared first on ReinsuranceNe.ws.

The transaction, which was announced on March 14, will see Hamilton take over the Pembroke platform at Lloyd’s, IEDAC, as well as Liberty Mutual’s Dubai-based Visionary operation.

Liberty explained that the decision to sell the units was reached following the conclusion of a strategic review.

“For Liberty, the transaction supports our International specialty business by eliminating the multiple Lloyd’s Syndicates and business overlap that resulted from Liberty Mutual’s acquisition of Ironshore,” said Matthew Moore, President, Liberty Specialty Markets.

“Clarifying our operations – including selling Pembroke and focusing on our Lloyd’s Syndicate 4472 – makes it easier for brokers and customers to partner with us to meet their risk management needs.”

Liberty Specialty Markets will continue to serve the Lloyd’s market through its Syndicate 4472 as well as through its other company platforms.

Syndicate 4472 is the third largest syndicate at Lloyd’s. Its coverages include aviation, casualty, construction, contingency, cyber, marine, energy, equine, financial lines, fine art & specie, legal indemnities, personal accident, political violence, professional indemnity, property, specialty binders, surety, and war & terrorism.

Evercore acted as financial advisor to Liberty Mutual in the transaction, while Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor.

The post Pembroke & Ironshore sale removes business overlap, says Liberty Mutual appeared first on ReinsuranceNe.ws.

The policy addresses first and third-party liability in response to releases from an array of underground and aboveground storage tanks at locations such as airports, hospitals, fuel terminals, and schools, amongst others.

Ironshore claimed that the online portal will provide a platform from which brokers can easily quote and bind coverage, as well as access additional data options that avoid the chore of manual entry.

“Ironshore Environmental is recognized as a market leader for hard to place environmental risks and now the Storage Tank Policy broadens our ability to expand coverage throughout this specialty sector,” said Toby Smith, President of Ironshore Environmental.

“With this product offering and our online portal, businesses with storage tank exposures can quickly and easily secure reliable coverage through one carrier, backed by Liberty Mutual and Ironshore expertise and financial security,” he continued.

The insurer offers available limits from $500,000 to $50 million on the storage tank policy, which also has enhanced third-party injury and property damage coverages to protect against risks such as National Resource Damages and Medical Monitoring.

Ironshore is a Liberty Mutual company that provides broker-sourced specialty property and casualty insurance through its platforms in Australia, Bermuda, Canada, Ireland, Singapore, the U.S and the UK.

The post Ironshore Environmental offers storage tank policy through online portal appeared first on ReinsuranceNe.ws.