Ironshore Inc. announced today that AM Best has awarded the financial strength rating of A- (Excellent) with a stable outlook to its operating subsidiary, Ironshore Insurance Ltd.
Robert V. Deutsch, Chief Executive Officer of Ironshore, stated, “We are very proud to have earned such a positive rating ahead of schedule and under the intense scrutiny of AM Best’s new company rating process. With this recognition of our strong balance sheet, operating model and business profile, we look forward to providing worldwide property insurance to businesses in need, particularly in the hurricane-prone coastal areas of the U.S.”
Ironshore is a Bermuda-licensed global insurance company that began operations in January 2007, following completion of a private placement that raised over $1 billion in equity capitalization. Ironshore Insurance Ltd. is located at Swan Building, 26 Victoria Street, Hamilton HM 12, Bermuda, 441-279-8200.
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