Ironshore teams up with Mitsui Sumitomo to increase capacity to $25 million

A consortium relationship with Mitsui Sumitomo has allowed Ironshore Canada Ltd. to increase its specialty casualty lines capacity to $25 million.

Among other things, the increased capacity “satisfies a demand for higher limits by global and domestic clients who are managing Canadian casualty exposures,” Stephen Stewart, vice president of Ironshore Canada Specialty Casualty, said in a statement.

“The relationship provides for increased capacity and expanded product expertise through Ironshore’s Canadian distribution platform,” added Andrew Dougall, underwriting manager of Mitsui Sumitomo at Lloyd’s operation.

Ironshore Canada is a subsidiary of Ironshore Inc., which provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through international platforms.