Liberty Mutual mergers surety and guarantee operations in Europe
Liberty Mutual Insurance has consolidated its surety and guarantee operations across the European Union (EU) under a single entity rebranded to Liberty Mutual Surety.
The company said that a single entity will make it "easier for our customers to get all-sized bonds and cross-border guarantees, and result in deeper and broader knowledge in our customers’ industries and markets".
Liberty’s surety and guarantee products in Europe were earlier sold under the Liberty Specialty Markets (LSM) and Nationale Borg trade names.
Property, casualty and specialty products in Europe will continue to be sold by LSM.
Liberty Mutual Surety’s global risks chief operating officer Nate Zangerle, said: “Liberty Mutual Surety is the world’s largest surety. Leveraging the significant strength of the Liberty Mutual brand across our European surety and guarantee operations reinforces our global and regional strength, knowledge, and experience.”
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