Liberty merges Canadian subsidiaries
Boston-headquartered Liberty Mutual Insurance is rebranding its Liberty International Underwriters (LIU Canada) and Ironshore Canada units as Liberty Mutual Canada.
Liberty Mutual Insurance completed its acquisition of Ironshore in 2017, and announced in March 2018 that it would integrate LIU Canada and Ironshore Canada operations under Garth Pepper’s leadership.
“The rebranding of our joint operation as Liberty Mutual Canada is an important milestone in our journey to come together as one organization,” said Pepper, president, Liberty Mutual Canada. “A stronger, united organization will enable us to better leverage the financial and reputational strength of Liberty Mutual to grow our presence and relevance in the Canadian market.”
The company said the transition will not impact the paper that LIU Canada or Ironshore Canada policies are written on. For the remainder of the year, policies will continue to be written on Liberty Mutual Insurance Company and Ironshore Insurance (Canada branch) paper.
Once integration is formally approved by the regulator, operations will formally align as a branch of Liberty Mutual Insurance Company and write on that paper, with a target date of early 2019.
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