Liberty International Underwriters US (LIU), a division of Liberty Mutual Group, has opened a new Excess and Surplus (E&S) Property operation in Los Angeles to better serve the West Coast wholesale broker community.
According to LIU, brokers will rely on LIU’s underwriters in Los Angeles and San Francisco for primary and excess casualty, environmental, energy, management and professional liability, global crisis management, and construction risks.
LIU said, as a part of this new operation Chet Simmons has been named as regional manager for LIU’s E&S Property West Coast operation.
Working with Simmons, wholesale brokers can give their clients access to LIU’s E&S Property product, which provides all risk, named windstorm, difference in condition, flood and earthquake in catastrophe-exposed areas for mid- and large-sized property portfolio risks with capacity up to $25m.
LIU E&S Property senior vice president Michael Carr with individual insurers needing to limit the amount of exposure they have in a given Cat area, there will always be a need for more capacity in the E&S Property marketplace, especially from an insurer like LIU that offers both a broad appetite and the financial strength of a global parent company.
Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety.