Ironshore announces commercial property insurance in Canada, including B.C. earthquake, pipelines

Specialty property and casualty insurance carrier Ironshore Canada recently announced it is writing general commercial property, energy property and builder’s risk property coverage in Canada.

In a press release this week, Ironshore Canada said it has “licensed approvals to provide property coverage products to select, specialty sectors in every Canadian province, except Quebec.”

Ironshore said it offers coverage for general commercial property, with limits of up to $45 million, on a primary, quota share, excess of loss or full value basis. Ironshore added the “product focus” of its general commercial property offering is on property and business interruption exposures and catastrophic risks, including earthquake in British Columbia as well as flood and named windstorm.

Ironshore’s energy property insurance has limits of up to $25 million. Coverage includes property damage, machinery breakdown and business interruption. The target market includes refineries, power generation, mining and pipelines.

Meanwhile, the builder’s risk property offering is aimed at construction projects (including roads, bridges, tunnels and buildings) and “mechanical engineering risks for oil and petrochemical facilities, utilities and heavy manufacturing plants.” The builder’s risk coverage has limits of up to $35 million.