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Kester Capital originally made its investment in Ironshore in Spring 2007.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.