Liberty Specialty Markets offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US and other international locations. We provide brokers and insureds with a broad range of products through both the Company and Lloyd’s markets and have over 900 staff in 25 offices. Liberty Specialty Markets was established in September 2013 bringing together Liberty’s company, syndicate and reinsurance operations into one combined operation, composed of three business units: Commercial, Specialty and Reinsurance. This integrated approach means brokers and clients can benefit from our global reach and operating efficiencies
Liberty Specialty Markets is part of global insurer, Liberty Mutual Insurance Group, a diversified global insurer, formed in 1912 and headquartered in Boston, Massachusetts. A U.S. Fortune 100 company, Liberty Mutual operates around the globe offering a wide range of insurance products and services, with more than 50,000 employees in over 800 offices throughout the world. The company is the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. It is ranked 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue.
First Trade Credit risk bound on web-based trading platform - Toredo
Toredo, the web-based platform launched earlier this year for the transaction of specialised trade credit insurance, has underwritten its first risk.
According to the London Credit Consortium – a partnership of Liberty Specialty Markets, Canopius and The Channel Syndicate – Toredo was utilised for its first risk in June and now has a developing pipeline of transactions. The London Credit Consortium provides capacity to the platform.
Toredo is designed to bring transparency, efficiency and security to the underwriting of short term non-payment insurance.
Chris Hall, consortium underwriter at Liberty Specialty Markets commented: “Undertaking our first transaction on the Toredo platform is the exciting culmination of a long development programme. We look forward to working with more brokers and clients to support them in their business requirements.
“Our pipeline of future transactions is strengthening all the time. Toredo has attracted considerable interest from the market with many brokers and clients looking at the platform as a new way to transact this specialist class of business.
“With so much focus on electronic trading in the Lloyd’s market at the moment it is important for Liberty Specialty Markets and our consortium partners to embrace these developments. Toredo is a great example of technology that works and brings real efficiency to the market.”
For more information regarding the Toredo platform or the London Credit Consortium please CLICK HERE and leave a message for Chris Hall (quoted in this article) and youTalk-insurance will pass your enquiry on.
If you like the content you see on youTalk-insurance why not take 20 seconds to subscribe to our free newsletter
Liberty Specialty Markets: We’re passionate about doing things differently to help our clients, staff and communities to prosper
- 6 Aug 2018
- 26 Jul 2018
- 20 Jul 2018
- 12 Jul 2018
- 5 Jul 2018
- 1 Jun 2018
- 30 Apr 2018
- 4 Apr 2018
- 20 Mar 2018
- 19 Mar 2018