Ironshore promotes exec to president of Marine Re

Insurer Ironshore has promoted David Callaghan to the role of president of its Marine Re division.

Callaghan has served as vice president and senior treaty underwriter for Marine Re since the division was established in 2009. He will be responsible for overseeing Ironshore’s global marine treaty portfolio and elevating awareness of Ironshore underwriting capabilities to new marine markets.

Callaghan will be based in Ironshore’s Charlotte, North Carolina office, reporting to Tim Glover, chief underwriting officer of Ironshore International.

The executive has more than twenty years’ experience in the specialty marine insurance sector. Prior to joining Ironshore, Callaghan was a facultative underwriter for Swiss Reinsurance America, assigned to the America’s hub spanning North America, the Caribbean and Canadian territories.  Before that, he was an underwriter with the Great American Insurance Group in its New York ocean marine division and served as assistant manager of environment affairs for OSG Ship Management.

Glover said: “Dave has an intimate knowledge of the Marine Re market and a deep understanding of our clients’ operations and the underlying exposure challenges. He has played an integral role in developing the current reinsurance portfolio alongside creation of Ironshore’s complementary marine programmes business.”

Ironshore’s Marine Re provides reinsurance coverages on both a quota share and excess of loss basis.  Marine Re has access to capacity across multiple platforms, including Ironshore's Lloyd’s Pembroke Syndicate 4000.

Ironshore Marine Re underwrites coverage for virtually all classes of business within the sector, such as commercial and pleasure craft hull and machinery, marina and terminal operators’ legal liability, marine cargo and cargo transit & storage.