Ironshore subsidiary to open Shanghai office

Pembroke Managing Agency, subsidiary of insurer Ironshore International will establish an office in Shanghai in January 2016 as part of the Lloyd’s China platform.

In Shanghai, Pembroke Managing Agency will underwrite specialty lines of business, initially focusing on the agriculture, marine and healthcare sectors. Tracy Ma has been appointed as underwriting manager of the entity, reporting to Hui Yun Boo, managing director of Ironshore’s Asia/Pacific region.

“Ironshore’s parent Fosun, headquartered in Shanghai, positions us with clear distinction in the local market, allowing us to offer onshore specialist products to meet growing demand within this vibrant city,” said Mark Wheeler, chief executive officer of  Ironshore International.

“Tracy has a proven background in specialty lines insurance and we are fortunate to have her join Ironshore to optimise our relationships with Fosun’s network of portfolio companies throughout China.”