Global property and casualty insurer Liberty Mutual is realigns excess casualty operations and increases excess liability capacity to $100m.
Image: Liberty Mutual modifies excess casualty business. Photo: Courtesy of rawpixel/Unsplash
Effective from next January, all admitted excess casualty business for retail accounts will be underwritten by Liberty Mutual, and all non-admitted excess casualty business, along with all wholesale business – whether admitted or non-admitted – will be written by Ironshore.
Liberty Mutual National Insurance Excess Casualty Head Doug Manwaring said: “Our realignment provides excess casualty brokers and buyers with a simplified structure, consistent appetite and higher capacity, backed by Liberty Mutual Insurance’s financial strength and underwriting expertise.”
According to Ironshore Excess Casualty Head Diana Cossetti, the integration will help brokers and buyers access total solutions from a single provider.
She said: “Aligning our operations on an admitted vs. non-admitted basis, as well as distribution channel, allows our dedicated underwriting teams to build strong relationships with our respective business partners, while enhancing our ability to provide products that better match the evolving risk transfer needs of the insured and broker.”
Source: Company Press Release