Reinsurance News

Liberty Mutual restructures excess casualty operations, increases capacity

22nd November 2018 - Author: Matt Sheehan

U.S primary insurer Liberty Mutual Insurance has realigned its excess casualty operations and increased its capacity for the business to $100 million.

liberty-mutual-insurance-logoEffective from 1 January 2019, the company’s excess casualty capabilities will benefit from dedicated underwriting teams on both an admitted and excess and surplus (E&S) basis.

All admitted excess casualty business for retail accounts will be underwritten by Liberty Mutual, while all non-admitted excess casualty business and all wholesale business 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,” said Doug Manwaring, Head of Excess Casualty, Liberty Mutual National Insurance.

Diana Cossetti, Head of Excess Casualty at Ironshore, added that the integration would 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,” Cossetti explained.

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