Ironshore increases capacity for energy sector risks

Ironshore Energy Property will increase capacity to $25 million for energy risks throughout its global platform.

The move is in response to a rapidly expanding energy sector and the company’s increased commitment to the sector through the recent formation of its Energy Practice Group, Nigel Jobson, head of global energy property for Ironshore, said in a statement from the company.

Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its multiple international platforms.

The increase in capacity is available across all classes within the energy sector, including refineries, petrochemical plants, chemical plants, gas plants, pipelines, terminals, mining risks, alternative energy, power utilities, basic metal, and pulp and paper facilities, the statement notes.

“This capacity increase reflects our growth over the last five years, which has given us a competitive advantage in the marketplace and the ability to respond to the progressive needs of valued customers and brokers,” Jobson noted.