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 1,700 staff in approximately 65 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 (Liberty Mutual Re). 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. Liberty Mutual is the 5th largest global insurer based on 2017 gross written premium, with over 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.
Liberty obtains licence for new Luxembourg company
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has secured a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg.
While Liberty Specialty Markets will maintain its UK presence, the new licence means that Liberty will be able to continue conducting insurance and reinsurance business in Europe post-Brexit. The Luxembourg-based company will be led by Dirk Billemon, LMIE’s General Manager. Billemon, previously of Fortis Luxembourg, was recruited by Liberty earlier this year.
Matthew Moore, Liberty Specialty Markets’ President and Managing Director, said: “This new licence means that whatever the outcome of the Brexit negotiations, we will be able to deliver the certainty that our customers and staff need. It will be very much business as usual.”
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