{"id":27690,"date":"2018-07-10T11:35:48","date_gmt":"2018-07-10T10:35:48","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=27690"},"modified":"2018-07-10T11:08:33","modified_gmt":"2018-07-10T10:08:33","slug":"liberty-specialty-continues-european-expansion-with-ironshore-move","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/liberty-specialty-continues-european-expansion-with-ironshore-move\/","title":{"rendered":"Liberty Specialty continues European expansion with Ironshore move"},"content":{"rendered":"

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance (LMI), is to take on\u00a0Ironshore\u2019s European non-M&A business and staff as the firm continues its expansion efforts on the continent. LMI had previously acquired the global specialty insurer<\/a> in 2017 for a reported $2.935 billion.<\/p>\n

\"liberty-specialty-markets\"The move will see Ironshore\u2019s locally written European retail business from its Cologne, Zurich and Rotterdam offices offered for renewal by LSM.<\/p>\n

The main lines being transferred are contingency, construction, fine art and specie, liability, marine and personal accident.<\/p>\n

Furthermore, a number of Ironshore\u2019s underwriters in these three cities will move to LSM\u2019s European operation on August 1st, 2018.<\/p>\n

\u201cThis is an excellent opportunity to combine our talents and capitalise fully on the strength of Liberty Speciality Markets and is a further step in our overall strategy to be a leading specialist insurer in Europe,\u201d commented Kadidja Sinz, Liberty Specialty Markets\u2019 Head of Europe.<\/p>

\"Artemis<\/a><\/div><\/div>\n

Ironshore will cease to underwrite new business from its locations in Cologne, Zurich and Rotterdam, but retain staff to handle the run-off of existing policies while its\u00a0M&A underwriting business in Frankfurt will remain unaffected by the move.<\/p>\n","protected":false},"excerpt":{"rendered":"

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance (LMI), is to take on\u00a0Ironshore\u2019s European non-M&A business and staff as the firm continues its expansion efforts on the continent. LMI had previously acquired the global specialty insurer in 2017 for a reported $2.935 billion. The move will see Ironshore\u2019s locally written European retail business from 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