Liberty Specialty Markets to offer greater capacity

Liberty Specialty Markets’s restructure five months ago will allow the new business to provide greater capacity to the market.

In September, Liberty Syndicates, Liberty Mutual Insurance Europe and Liberty Mutual Reinsurance merged to become Liberty Specialty Markets, writing almost $3.5bn of gross premiums.

The move promises to increase the limits it offers. Speaking to StrategicRISK, the firm’s general manager southern Europe, Olivier Muraire, said: “The whole idea behind the merger is to bring all the capacity that we have been developing through the syndicates into the Liberty network.

“The idea is to be only one company with numerous capabilities, and adding up the limits that we can provide the market.

“The best example is in our political and credit risks offering. With the merger, we added the limits to bring more capacity, more lines to the European market, and more business to our colleagues in the syndicates.”