Liberty Mutual Realigns Excess Casualty Operations And Increases Excess Liability Capacity

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Nov 20, 2018, 09:23 ET

BOSTON, Nov. 20, 2018 /PRNewswire/ -- Liberty Mutual continues to innovate its excess casualty capabilities on both an admitted and E&S basis by creating dedicated underwriting teams and increasing its capacity to $100 million.

Effective January 1, 2019, 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.

"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," notes Doug Manwaring, Head of Excess Casualty, Liberty Mutual National Insurance.

According to Diana Cossetti, Head of Excess Casualty, Ironshore, the integration will help brokers and buyers access total solutions from a single provider. "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."

About Liberty Mutual Insurance

Liberty Mutual is the 5th largest global property and casualty insurer based on 2017 gross written premium, with nearly 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers' trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue. You can learn more about us by visiting www.libertymutualinsurance.com.

CONTACT: Richard Angevine, 617-574-6638

SOURCE Liberty Mutual Insurance