Ironshore International Buys Sydney-Based Savannah Insurance Agency

Ironshore International has acquired the Savannah Insurance Agency of Sydney, Australia, effective immediately.

The Savannah Agency team of underwriters will join Ironshore Australia offices, broadening its regional presence by offering select specialty business lines.

Katherine Simmonds, managing director of Ironshore Australia, will oversee the integration of the entities, the company said in a statement.

The Savannah Insurance Agency was founded in 2009 by Julian Sparkes, who had previously served as the chief executive officer of A.J. Gallagher, Australasia. The Savannah Agency is an established Lloyd’s coverholder and underwrites various lines of business, including personal accident, public liability, professional indemnity, management liability and property.

“Ironshore’s acquisition of the Savannah Agency further expands our experienced underwriting team and enhances our breadth of product offerings in specialty lines within the regional market,” said Simmonds.

Mark Wheeler, chief executive officer of Ironshore International, commented: “Ironshore continues to build upon its strategic foundation of uncovering growth opportunities in selected specialty sectors within key markets, such as Australia.”

Ironshore Australia underwrites a range of property and casualty lines, including mergers & acquisitions and tax liability, political risk, trade credit, marine cargo, as well as agriculture commercial risks.

Source: Ironshore