Ironshore provides specialty lines of property and casualty insurance on a global basis, serving commercial clients through a broad network of multinational insurance brokers. The firm was formed in January 2007 in response to the market dislocation within the U.S. property catastrophe insurance industry. Ironshore was initially capitalized with approximately $1 billion to support its underwriting activities. Irving Place Capital, with a $300 million commitment, is the largest founding investor.