2085 days ago

Ironshore Inc. announced that its Australian subsidiary has entered into an agreement to purchase all of the shares of Assetinsure Holdings Pty Ltd, the parent company of Assetinsure Pty Ltd (collectively, “Assetinsure”).  Assetinsure is a leading specialist insurance company in Australia providing Surety, Aviation, Credit, Property and other coverages that will provide Ironshore with a strong platform from which to expand its presence in the market.  The transaction remains subject to customary closing conditions and regulatory approvals, including  the Australian Prudential Regulation Authority, and is expected to close in the second quarter of 2014.