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Liberty Specialty Markets Restructures Specialty Property Division
Published on
07 October 2014Reading time
2 min.
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Liberty Specialty Markets (LSM) announced today that as part of the next phase of integration and the business planning process between the Syndicate and Liberty Mutual Insurance Europe (LMIE), the Specialty Property Divisions’ Underwriting offering will be restructured and renamed "Worldwide Property" with the emphasis on enabling the growth of International Property business through the further development of the overseas office network and existing Syndicate Underwriting platform. Nigel Tatlock has been named as Head of Worldwide Property for the Specialty Division.
Increasingly international markets require local representation to access their business, whilst the client base requires a global solution for their insurance needs. This restructuring enables LSM to offer an enhanced Specialty property offering tailored to local market distribution.
Nick Metcalf, President and Group Managing Director of Liberty Specialty Markets said, “We are pleased to announce this change as it allows us to concentrate on developing our Property offering in the International arena whilst maintaining a Worldwide capability".
Matthew Moore, Chief Underwriting Officer for LSM's Specialty and Reinsurance Divisions said: "All our Specialty Property distribution channels, including a streamlined Specialty Property binders capability, will fall under this new division. This will create a better opportunity to develop and grow the book in our desired Markets through what is becoming an ever more competitive space".
About Liberty Specialty Markets
Liberty Specialty Markets (libertyspecialtymarkets.com) is the trading name for the combined operation of Liberty Mutual Insurance Europe Limited, Liberty Managing Agency Limited and Liberty Mutual Reinsurance. It has over 900 employees in 27 offices throughout the UK, Europe and the rest of the world. Liberty Specialty Markets is part of global insurer Liberty Mutual Insurance Group.
About Liberty Mutual Insurance Group
Liberty Mutual Insurance Group helps preserve and protect the things people earn and own and build and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual Insurance Group is a diversified insurer with operations in 30 countries around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance Group is ranked 76th on the Fortune 100 list of largest corporations in the U.S. based on 2013 revenue. As of December 31, 2013, Liberty Mutual Insurance Group had $121.2 billion in consolidated assets, $102.2 billion in consolidated liabilities, and $38.5 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more by visiting www.libertymutualinsurance.com.
Increasingly international markets require local representation to access their business, whilst the client base requires a global solution for their insurance needs. This restructuring enables LSM to offer an enhanced Specialty property offering tailored to local market distribution.
Nick Metcalf, President and Group Managing Director of Liberty Specialty Markets said, “We are pleased to announce this change as it allows us to concentrate on developing our Property offering in the International arena whilst maintaining a Worldwide capability".
Matthew Moore, Chief Underwriting Officer for LSM's Specialty and Reinsurance Divisions said: "All our Specialty Property distribution channels, including a streamlined Specialty Property binders capability, will fall under this new division. This will create a better opportunity to develop and grow the book in our desired Markets through what is becoming an ever more competitive space".
About Liberty Specialty Markets
Liberty Specialty Markets (libertyspecialtymarkets.com) is the trading name for the combined operation of Liberty Mutual Insurance Europe Limited, Liberty Managing Agency Limited and Liberty Mutual Reinsurance. It has over 900 employees in 27 offices throughout the UK, Europe and the rest of the world. Liberty Specialty Markets is part of global insurer Liberty Mutual Insurance Group.
About Liberty Mutual Insurance Group
Liberty Mutual Insurance Group helps preserve and protect the things people earn and own and build and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual Insurance Group is a diversified insurer with operations in 30 countries around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance Group is ranked 76th on the Fortune 100 list of largest corporations in the U.S. based on 2013 revenue. As of December 31, 2013, Liberty Mutual Insurance Group had $121.2 billion in consolidated assets, $102.2 billion in consolidated liabilities, and $38.5 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more by visiting www.libertymutualinsurance.com.
