Ironshore Australia has formed a new Marine Unit, expanding its presence into the Fine Art, Specie and Cargo insurance sectors in the country.

The new unit will focus on underwriting a wide range of static and transit Fine Art risks for Australian-based companies and individuals, providing insurance coverages for fine art and valuables collections of private owners, museums and art galleries, etc.

In addition, it will also underwrite Specie business in the mining, energy and infrastructure sectors, including precious metals transit.

Ironshore seeks to partner with multinational broking houses, smaller regional intermediaries, as well as with industry groups and associations. It also plans to participate in syndicated project cargo programs and lead bespoke cargo placements.

The Marine Unit will be managed by an Rouse, who will also handle the Political Risk and Structured Credit portfolio.

Jones from London-based Pembroke Managing Agency joins Ironshore Australia. She was an underwriter for Fine Art and Specie risks.

Rouse said, "Fine Art, mining-related Specie and Project Cargo insurance have emerged as growth opportunities within the region with companies and their brokers increasingly seeking highlytailored coverage solutions from the Australian marketplace."

Ironshore Australia also offers coverage for mergers & acquisitions, political risk, war and terrorism, professional lines, and Structured credit risks.