M&A Deal Summary

C.V. Starr and Ironshore Acquire Iron-Starr Excess Agency

On January 26, 2009, C.V. Starr and Ironshore acquired insurance company Iron-Starr Excess Agency

Acquisition Highlights
  • This is C.V. Starr’s 2nd and Ironshore’s 3rd transaction in the Insurance sector.
  • This is C.V. Starr’s 1st and Ironshore’s 1st transaction in Bermuda.

M&A Deal Summary
Date 2009-01-26
Target Iron-Starr Excess Agency
Sector Insurance
Buyer(s) C.V. Starr
Ironshore
Deal Type Joint Venture

Target

Iron-Starr Excess Agency

Bermuda
Iron-Starr Excess will write catastrophic excess casualty insurance products, targeting Fortune 2000 and other clients purchasing cat excess coverages. Policy limits up to $75 million will be issued.

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Buyer(S) 2

Buyer

C.V. Starr

New York, New York, United States
Category Company
Founded 1919
Sector Insurance
DESCRIPTION

C.V. Starr & Co., Inc. owns and operates insurance agencies.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Joint Venture) 1 of 1
Country (Bermuda) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-24 Starr Aviation Agency

Atlanta, Arizona, United States

Starr Aviation Agency, Inc. offers property and casualty insurance underwriting services to the aviation industry.

Buy -
Buyer

Ironshore

Hamilton, Bermuda
Category Company
Founded 2006
Sector Insurance
Employees610
DESCRIPTION

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

DEAL STATS #
Overall 3 of 8
Sector (Insurance) 3 of 8
Type (Joint Venture) 1 of 2
Country (Bermuda) 1 of 1
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-15 Marine Re

Toronto, Ontario, Canada

Marine Re will consider all marine reinsurance classes but specializes in hull and cargo for commercial and pleasure craft.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-06 Wright

Arlington, Virginia, United States

Wright & Co. is a provider of professional liability and employee benefits coverages for employees of the United States government, with a particular focus on law enforcement personnel.

Buy -
Mergr

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