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.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Hurricane Florence to cause $30-60bn economic loss

US P/C insurers benefit from excess & surplus lines rebound

Category 5 super typhoon Mangkhut to batter the Philippines

Validus Specialty expands into crisis management with Liberty hire

Hurricane Florence hits US East Coast

Liberty taps Allianz exec to develop UK, international coverholder business

SCOR to sell its employee wellness solutions unit Rehalto

Legal & General strikes £4.4 bn UK bulk annuity deal

Don't miss our insurtech email newsletter - sign up today