Liberty confirms new headquarters in Luxembourg ahead of Brexit

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has confirmed it has opened its new headquarters in Luxembourg city.

The move has re-domiciled its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to Luxembourg. Liberty Specialty Markets said it will maintain its branch network in the UK, Continental Europe and the Middle East.

Dirk Billemon, LMIE’s general manager, will lead the Luxembourg-based company, which is licensed by the Commissariat Aux Assurances (CAA). The move allows Liberty to continue conducting insurance and reinsurance business in Europe, irrespective of the outcome of the Brexit negotiations.

Billemon said: “With the new licence and opening of our Luxembourg office, we are delivering on our promise to our brokers, clients and employees to provide continuity and certainty. We remain focused on providing flexible, innovative and tailored re/insurance solutions to our clients across the region.”

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