Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global commercial and specialty re/insurer and international insurance operations. The restructuring includes the creation of a new international insurance business division, the unification …
Liberty Mutual Surety has launched a new product line dedicated to contract transactional and small- to mid-sized surety business. Liberty Mutual Surety Plus is available through independent agents and serves contractors that need standard bond programs up to $25 million, …
Liberty Mutual Surety has appointed Douglas Schrift and charged him with developing the company’s Subcontractor Default Insurance (SDI) offering. SDI is a two-party catastrophic insurance coverage that protects general contractors from losses due to a subcontractor’s failure to perform during …
Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable Liberty Mutual Surety, a business unit of Liberty Mutual’s Global Specialty strategic …
