The company was founded in 2006, with more than $1 billion in equity, by Robert Clements and his son John Clements, two long-time insurance investors.[7][8][9]
Ironshore named Kevin Kelley as CEO in December 2008.[10][11][12][13] Kelley had been the longtime CEO of Lexington Insurance, which became the largest excess and surplus lines insurer in the world under his leadership.[14] Shaun Kelly resigned as president and chief operating officer of Lexington and was appointed chief executive officer of U.S. Operations for Ironshore.[15] During 2015, Ironshore acquired Dubai-based MGA, Visionary underwriting Agency Ltd, a Lloyd's Coverholders founded in 2010 by David Austin.[citation needed]
Operations
The company's product lines include Aviation, Environmental,[16][17] IronBuilt, IronHealth,[18] IronPro, Marine Re, Personal Lines,[19]Political Risk,[20] Ironshore Programs,[21] and U.S. Property and Specialty Casualty.[22]
The Ironshore group of companies is rated A (Excellent) by A.M. Best with a Financial Size Category of XIV. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s with a market rating of A (Excellent) from A.M. Best and A+ from both Standard and Poor’s and Fitch Group. A.M. Best announced in 2012 a revised rating outlook to "Positive" for Ironshore and its subsidiaries.[23][24]
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