Source: http://www.ibamag.com, August 28, 2014
By: Caitlin Bronson
Rapidly growing Ironshore Inc. announced this week it will be expanding its capabilities for architects and engineers, now offering project-specific policies for contractor designs firms and professional liability.
The Bermuda-based insurer has hired 30-year veteran Valerie Onderka to underwrite these policies based out of Ironshore’s Atlanta office. Ben Beauvais, Executive Vice President of Specialty Casualty and Construction, expressed pleasure at Onderka’s appointment.
“Valerie’s contributions to Ironshore’s A&E team will enhance the breadth of products we can now offer construction clients to manage specific firm project risk,” Beauvais said.
Greg Flood, President of Ironshore, added:
“IronPro has been providing Design Firm and Contractors Design Firm Professional Liability coverage since 2008.  Expanding Ironshore’s products to include Project Liability within our casualty group is a material step forward to round out Ironshore’s support for architects and engineers and the construction industry.
“We’re very pleased that Valerie and her team have joined Ironshore and look forward to their skilled contributions to the segment.”
Ironshore is entering a market segment much in need, as professional liability lawsuits related to construction defects continue to plague several design firms.