Ironshore Inc. (“Ironshore”) and Lexon Surety Group (“Lexon”) announced that they completed the first stage of a new strategic alliance in the surety market. As the 12th largest writer of surety bonds in the United States, Lexon writes over $100 million in direct written premium annually.

Atlanta, GA -- (SBWIRE) -- 04/19/2013 -- Ironshore Inc. ("Ironshore") and Lexon Surety Group ("Lexon") announced that they completed the first stage of a new strategic alliance in the surety market. As the 12th largest writer of surety bonds in the United States, Lexon writes over $100 million in direct written premium annually.

Ironshore's subsidiaries will provide quota share reinsurance and primary fronting facility on new and renewal business for most types of U.S. commercial and contract surety risks. In addition, Paul S. Giordano, Chairman of Ironshore's Political Risk, Specialty Risk & Surety businesses, will become a director of Lexon.

Chief Executive Officer of Ironshore, Kevin H. Kelley, stated "Entering the surety market has long been a strategic goal of Ironshore and this will allow us to meet a broader range of customer needs. We are very pleased to be doing so through the alliance with Lexon."

David Campbell, President and Chief Executive Officer of Lexon, said "Our staff and management are excited to work with a company of Ironshore's stature in order to further enhance our market position. "Lexon possesses strong leadership, industry knowledge and underwriting expertise," said Mr. Giordano. "Adding our financial strength to Lexon's through reinsurance, together with our fronting facility, will create a powerful new combination for surety buyers and their agents."

About Ironshore
Ironshore provides broker-sourced specialty commercial property insurance and casualty coverages for varying risks on a global basis through its multiple international platforms. The Ironshore group of insurance 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 http://www.ironshore.com.

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Ironshore is looking forward to joining their colleagues, broker partners and risk managers at this year’s RIMS conference in California. Members from their Senior Executive team will be joining everyone in California, including Anthony Mammolite.

Atlanta, GA -- (SBWIRE) -- 02/22/2013 -- Ironshore is looking forward to joining their colleagues, broker partners and risk managers at this year's RIMS conference in California. Members from their Senior Executive team will be joining everyone in California, including Anthony Mammolite. Tony Mammolite will be attending RIMS 2013- to find out about Ironshore's strategic Global Property direction and initiates make sure to meet with Tony Mammolite.

Located in the New York office. Mr. Mammolite is Ironshore's Global Head of Worldwide Property where he oversees strategic direction and development for Ironshore's global property insurance book of business. Anthony joined Ironshore in April 2009 as head of the U.S. Property insurance unit. Prior to joining Ironshore Mr. Mammolite was Senior Vice President at Lexington Insurance Company where he managed their U.S. Property Field Operations. He spent two years as Regional President of the greater New York region for American International Group where his responsibilities included the day to day management of all AIG product lines within the New York Region along with P&L responsibilities and strategic broker and client development.

Mr. Mammolite worked as Senior Vice President/Zonal Executive of the greater New York region for Lexington Insurance Company from 2004 through 2006 where he was responsible for the management and strategic direction of all Lexington product lines within the New York metropolitan area. His career includes over thirty five years of underwriting experience, including twenty five years in the property lines of business.

Be sure to come meet Anthony Mammolite at the Ironshore RIMS Booth (#1921) along with the rest of the Ironshore team.

Contact Information
Anthony Mammolite
Global Head, Worldwide Property
tony(dot)mammolite(at)ironshore(dot)com
Tel: (646) 826-6797

For more information on their Property business and other products Ironshore offers, be sure to visit their website at http://www.ironshore.com. Also follow them on Twitter, Facebook and LinkedIn.

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