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Daily Insurance Industry News
Thursday 18th of October 2018
January 28, 2011

Ironshore appoints head of European Political Risk

by Gill Montia

Story link: Ironshore appoints head of European Political Risk

Ironshore Inc. has named P. Donald Harkey as head of Ironshore Europe’s Political Risk unit, which was established earlier this year, in Dublin.

In addition, the specialty property and casualty insurer’s Pembroke Syndicate 4000 has entered into an underwriting agreement with Equinox Global that will allow Ironshore Europe to expand its Political Risk and other trade-related insurance coverages to European markets.

The group’s president of Political Risks, Daniel Sussman, comments: “Increasingly, a significant percentage of demand for Political Risk coverages is driven by European-based insureds.”

Mr Harkey joined the company in March 2010 as senior vice president with Ironshore Political Risk.

He has over 35 years of experience in the international finance and trade credit arena, including serving as a director of sales and marketing for several banks where he developed domestic and international lending platforms for multinational companies.

Last week, Aon published its 18th annual Political Risk Map, which measures the political risk of 211 countries based on risks such as currency inconvertibility, strikes, riots and civil commotion, and supply chain disruption.

According to the data, the risk of sovereign non-payment continues to be an issue in countries across the globe.

 

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