Liberty International Underwriters U.S. (LIU) has launched an Excess and Surplus Lines (E&S) Property product. This product provides wholesale brokers with a new market for their clients’ commercial property business and targets their mid- and large-sized property portfolio risks with capacity up to $25 million. LIU, a division of Liberty Mutual Group, has brought on Michael J. Carr to manage this new line of business.
Carr has 18 years of E&S property experience and brings to LIU extensive experience in managing, developing and underwriting commercial property insurance products and programs.
“Now that we have completed expansion of our existing products into key market areas, launching a new major product line was the next logical step in our strategy,” said David Cohen, president of LIU U.S.
LIU’s E&S Property product features include all risk, named windstorm, difference in condition, flood and earthquake in catastrophe-exposed areas.
Source: Liberty Mutual
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