February 14, 2013
Ironshore Acquires Specialty Stop Loss Insurance Broker
Ironshore Inc. has acquired Excess Risk Reinsurance (ERR) Inc., a managing general underwriter specializing in the Employer Stop Loss insurance sector. ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Services LLC. ERR is led by Steven M. Parker, president, and David Dausman, executive vice president, who will continue serving in executive leadership positions under the new ownership structure. ERR offers specific and aggregate excess loss coverage and provides access to transplant networks for self-funded employers through third-party administrators, brokers and consultants. Founded in 1989 under the name AJD Insurance Consultants Inc., the company acquired its current name in 2001. Headquartered in Ridgeland, Mississippi, the company also has regional offices in Boston, Massachusetts and Denver, Colorado. Ironshore provides specialty property/casualty insurance coverages for varying risks on a global basis through its multiple international platforms. About Ironshore Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks on a global basis through its international platforms. The Ironshore group of companies is rated A- (Excellent) by A.M.Best with a Financial Size Category of Class XIII. Ironshore’s Pembroke Syndicate 4000 operates within Lloyd’s where the market rating is A (Excellent) by A.M. Best and A+ (Strong) from both Standard & Poor’s and Fitch. For more information, please visit: www.ironshore.com. About The Beekman Group The Beekman Group (“TBG”) is a leading private equity firm dedicated to bringing financial and operational resources to lower middle-market companies. TBG's team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in TBG's targeted industry segments. This Industry Partner approach to investing is the cornerstone of TBG's investment strategy -- creating value through accelerating growth in partnership with lower middle-market management teams. For more information please contact [email protected].