The division will act as an extension of the group Global Energy unit and underwrite comprehensive casualty coverages on commercial risks across virtually all classes within the energy sector.   

Susan Kostro, Vice President of Casualty, who is leading the initiative, said the launch was in response to the need for more capacity in the sector at a time when energy firms were looking for greater levels of coverage.

Ironshore will offer access to the unit from its platforms in Bermuda, the US and London providing up to $10 million in capacity targeted to lead umbrella and excess layers.  The casualty will underwrite all traditional energy classes of business, including but not limited to, Oil and Gas, Power Generation, and Utilities.

“The ever-changing energy insurance market calls for additional capacity during periods of market disruption,” added Ms Kostro. “Ironshore is well-positioned to offer strong technical capacity, combined with extensive underwriting expertise and a proven track record in response to marketplace demand.”