Ironshore said that ERR will operate as a wholly-owned subsidiary of Ironshore Insurance Services LLC., offering its suite of specialty products and services to the employer stop loss market.
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ERR will be led by Steven Parker, president, and David Dausman, executive vice president, who will continue serving in executive leadership positions under the new ownership structure.
ERR will offer Specific and Aggregate Excess Loss Coverage and provide access to nationally recognized transplant networks to meet the insurance needs of self-funded employers through third-party administrators, brokers and consultants.
Commenting on the acquisition, IronHealth president and ERR CEO, Matt Dolan, said: "This business is a great addition to Ironshore’s US business and, more specifically, will complement the Provider Excess and HMO Reinsurance products that we write within our healthcare business,"
"We are confident that ERR will benefit immensely by having access to Ironshore’s national distribution platform. In addition, this is another example of Ironshore bringing additional product value to our producers," Dolan added.
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By GlobalDataFounded 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.
