Liberty Mutual Property Unit Increases Per Risk Capacity
BOSTON, July 11, 2018 /PRNewswire/ — To help property owners – and the brokers who support them – better manage their mid-size and large risks, Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million.
«This enhancement follows three new property forms introduced over the last 18 months,» notes Gregg Cunningham, general manager, National Insurance Property. «We’re committed to winning in the mid-size and large property markets by offering the capacity, competitive pricing, broad appetite and industry-leading claims and risk engineering needed to better manage the total cost of property risk.»
More information on Liberty Mutual’s National Insurance Property unit can be found here. The unit offers property as part of a single-carrier, shared and layered, or an all-lines solution; monoline equipment breakdown and inland marine.
About Liberty Mutual Insurance
Liberty Mutual’s 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.
In business since 1912, and headquartered in Boston, Mass., today we are a leading global insurer with operations in 30 countries and economies around the world. We are the third largest property and casualty insurer in the U.S. based on 2017 direct written premium data as reported by the National Association of Insurance Commissioners. We also rank 68th on the Fortune 100 list of largest corporations in the U.S. based on 2017 revenue. As of December 31, 2017, we had $39.4 billion in annual consolidated revenue.
We employ nearly 50,000 people in over 800 offices throughout the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, commercial multi-peril, property, general liability, commercial automobile, surety, workers compensation, specialty lines, and reinsurance.
You can learn more about us by visiting www.libertymutualinsurance.com.
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SOURCE Liberty Mutual Insurance