Ironshore enters yacht insurance sector

Ironshore has appointed James Bishop, Jr. to lead its team which will provide cover for high-end pleasure craft, yachts and mega yachts on a global basis.

Bishop, who comes to Ironshore from ACE, has more than ten years of experience underwriting yacht insurance and will be based in Tampa, Florida.

“The yacht insurance market has been challenged over the past several years due to the economic slowdown, the soft pace of growth in the recreational marine sector, and susceptibility related to heightened catastrophic risk exposures,” said David Frediani, president of Ironshore International.

“Ironshore believes this underserved specialty sector presents potential growth opportunities, and we are pleased to have James, a seasoned marine underwriter, spearhead this initiative.”