14 June 2016 Insurance

Ironshore expands M&A business into North America

Insurer Ironshore International has expanded its mergers and acquisitions (M&A) unit to establish an Americas presence.

The insurer said its new presence in North America is aimed at addressing complex, multi-jurisdictional transactions within the North and Latin American regions.

The team will be led by Navine Aggarwal, who serves as senior vice president, head of M&A of the Americas, and will be based in New York.

Aggarwal will report to Rowan Bamford, global head of M&A and tax insurance.

Further appointments have been named for the M&A team to manage coverage needs throughout its network of offices in New York, Atlanta and Toronto.

Ironshore has said Aggarwal’s practice area will be augmented in New York by Patrick Ryan, vice president, and Aartie Manansingh, assistant vice president.

Elizabeth Cunnane, vice president, and Andrew Stewart, vice president, will operate from the Atlanta and Toronto offices, respectively.

Ironshore’s regional underwriting specialists join directly from Allied World Assurance Company (AWAC), where each served in various leadership positions within the M&A sector of the insurance industry.

Aggarwal most recently served as vice president of M&A with AWAC, responsible for launching and establishing its North American practice group.

Bamford said: “Ironshore International is broadening its vision to build a truly integrated global M&A practice with experienced, specialty underwriters dedicated to the Americas region.
“Under Navine’s leadership, we now have in place a strong team of professionals, serving domestic markets that are complementary to our established global practice.”

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