Kester Capital

Ironshore

Sector
Financial Services
Status
Realised
Date of investment
2007
Key contacts
Cameron Crockett
Adam Maidment
Visit website
www.ironshore.com

Ironshore

Ironshore is a Bermuda-based insurance company focused on property and speciality insurance.

During Kester Capital's investment period, Ironshore built a diversified, global speciality insurance platform with a deep management team.  Ironshore's focus on longer-tail liability coverage created a substantial amount of cash float income, which was deployed into the investment portfolio over time. As a result, Ironshore presented an attractive, scalable platform for a strategic acquirer.

Kester Capital originally made its investment in Ironshore in Spring 2007. Ironshore was sold to Fosun International Limited in November 2015, delivering a 2.1x return to Kester Capital funds.