Ironshore enhances M&A and tax insurance capacity
Ironshore International’s mergers and acquisitions (M&A) and tax insurance unit has enhanced its consortium programmes.
The company has increased the M&A consortium capacity to £100 million, up from its current limit of £78.5 million, and announced a new tax consortium with initial capacity of £40 million.
Both Consortia will be able to write in combination with Ironshore’s Bermudian platform for global risks in order to further increase total available capacity. This will allow Ironshore to provide total M&A capacity of up to £150 million and total tax insurance capacity of up to £65 million on any one risk, according to the statement.
Mark Wheeler, chief executive officer, said: "Ironshore recognised heightened M&A activities impacting virtually every sector throughout our global platform demanded an increase in available capacity to satisfy clients’ appetite for larger coverage limits and structured protection for tax liability risks.
"Our consortia offerings allow for consistent underwriting, assurance of transactional confidentiality, as well as streamlined claims management."
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