Business News: Ironshore Bermuda, Claimify, ICORP Investigations

Ironshore Bermuda Rebrands and Integrates With Liberty Specialty Markets

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, plans to integrate its Ironshore Bermuda businesses and brands into a single business branded as: Liberty Specialty Markets Bermuda.

The new business will be led by Steve Horton, currently chief executive of Iron-Starr Excess Agency. He becomes president of Liberty Specialty Markets Bermuda (subject to approval by the Bermuda Department of Immigration) and will report to Mark Wheeler, president, international markets. The business will utilize the managing general agency structure, previously Iron-Starr Excess Agency Ltd, across its product lines, enabling each business to provide Liberty capacity as well as access to third party capacity.

Ironshore in Bermuda historically comprised two businesses: Ironshore Bermuda, which opened in 2007, writing, property, energy and specialty re/insurance, and Iron-Starr Excess Agency, which began in 2009 and writing excess casualty, financial lines and healthcare within Iron-Starr Excess Agency.

Steve Horton joined the Ironshore group in 2008 through Ironshore’s Lloyd’s platform, Pembroke Managing Agency Limited. Horton worked as a primary financial institutions underwriter before transferring to Iron-Starr in 2010. At Iron-Starr, he was initially charged with growing international business before being promoted to financial lines manager and subsequently chief executive officer.

Lucens Group Announces Corporate Name Change to Claimify

Lucens Group, www.lucensgrp.com, a disability insurance technology and services company, announced that it is changing its corporate name to Claimify, LLC. The name change reflects the company’s broader commitment and its expertise in driving the digital innovation needed to shape the future of the insurance industry.

Since the company’s inception, its focus has centered on settlement facilitation and benefit validation enablement solutions. These capabilities have supported carriers and claimants by reducing the cumbersome and resource intensive procedures in order to streamline these often complicated and time-consuming processes. This has resulted in simple service-based offerings for all parties to balance technology with human interaction in order to expedite accurate processing while providing an expanded range of options. In 2019, Claimify will take the industry to the next level with technology firsts in automated claim lifecycle management.

Claimify is focusing its efforts on revolutionary new technologies that combine decades of expertise in the space with next generation managed services designed to reliably deliver fast, error-free user experiences. Carriers leveraging these new solutions will gain immediate competitive and financial advantages as Claimify harnesses the power of data to improve service levels and revenues.

Visit Claimify at http://www.lucensgrp.com. The new name is effective immediately, and will be implemented across the company’s products and solutions throughout calendar year 2019 and beyond.

ICORP Investigations, Inc. Launches i-Justify Conversation Management

N.Y.-based ICORP Investigations, Inc. announced the launch of i-Justify Conversation Management, Innovative Risk Identification and Cost Containment Solution.

i-Justify is an advanced approach which verifies the authenticity of a claim immediately and operates on several sophisticated levels. ICORP’s approach achieves the full detail of any claim and also acts as a solid validation process even when there are no immediate concerns, finding the claims to pay quickly. i-Justify is expected to enable the insurer to see a shorter claim cycle time and identify risk more quickly.