Ironshore offers US companies coverage for overseas risks
The US Specialty Casualty unit of Bermuda-based insurer Ironshore is offering a coverage solution for US-based companies with overseas operational risk exposure.
Ironshore International Connect says it will simplify the process for US companies to obtain required liability coverage for international risks in regulated markets worldwide.
Coverage terms and conditions, which are written in English, are the same as Ironshore’s US domestic excess liability programme, with limits available of up to $50 million.
“Compliance and regulatory guidelines in local markets worldwide can create a burden on US-based companies to ensure that insurance coverage is compliant in addressing overseas operational risks,” said Tim McAuliffe, president of Ironshore US Specialty Casualty.