Liberty to write Spanish Property Insurance business from Madrid for the first time

21 December 2015, LONDON – Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has begun writing property insurance business from its Madrid office for the first time with the appointment of a new team from Tokio Marine Kiln (TMK).

The three-strong team, led by Fernando Rodriguez, has moved to LSM following TMK’s decision to exit non-Japanese business written in Spain.

Rodriguez is supported by property underwriter Miguel Blasco and risk engineer Carlos Garcia-Verona. The team will report to LSM’s Head of Worldwide Property, Nigel Tatlock.

LSM will seek to renew expiring policies within TMK’s non-Japanese portfolio in Spain on to its paper as from 1 January 2016, while TMK will run off policies written prior to this date.

The move is part of LSM’s drive to build local expertise and strength in its key international markets, the so-called ‘hub strategy’ outlined by President and Managing Director Nick Metcalf earlier this year. It also allows the business to provide a more tailored service to the Spanish market.

Nigel Tatlock said: “This is an excellent result for us. We’re keen to write property insurance business in Spain so are extremely pleased to welcome Fernando’s team to LSM. They are highly respected among their peers with a substantial book of business that has real potential for development.

“The added dimension of a new Spanish hub for this line will facilitate our long term strategy of profitable growth within the European market.”

For further information please contact:

Liberty Specialty Markets

Jo Williams
020 375 80640
07810 526029
jo.williams@libertyglobalgroup.com

FWD Consulting
Adrian Beeby
020 7623 2368 / 07879 403564
adrian.beeby@fwdconsulting.co.uk