Broker-sourced specialty property and casualty insurance coverage provider Ironshore has completed acquisition of a managing general underwriter, Excess Risk Reinsurance (ERR), for an undisclosed amount.
As part of the acquisition, ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Services, providing its suite of specialty products and services to the Employer Stop Loss market.
ERR president Steven Parker and executive vice president David Dausman will continue to serve in their respective executive leadership positions under the new ownership structure.
Headquartered in Mississippi, ERR provides Specific and Aggregate Excess Loss Coverage and access to nationally recognized transplant networks to address specialized insurance requirements of self-funded employers through third-party administrators, brokers and consultants.
IronHealth president and ERR chief executive officer Matt Dolan said, ''This business is a great addition to Ironshore's US business and, more specifically, will complement the Provider Excess and HMO Reinsurance products that we write within our healthcare business.''