Liberty Mutual Acquisition Of Ironshore Brings Immediate Benefits To Commercial Insurance Brokers And Buyers

Tuesday, May 16, 2017 General News
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Brokers Can Now Better Meet Needs of Healthcare and Energy Companies

BOSTON, May 15, 2017 /PRNewswire/ -- Liberty Mutual's National Insurance operation has partnered with the insurer's recently

acquired Ironshore subsidiary to introduce two new offerings that make it easier for brokers to better meet their clients' needs for core and professional coverages. 

"Brokers can now offer holistic account solutions that blend National Insurance's strengths in General Liability, Property, Auto and Workers Compensation with Ironshore's expertise in Professional Lines, Cyber, Environmental and other specialty lines," explains Mike Fallon, President, National Insurance, Liberty Mutual.   

The benefits of the new offerings for brokers also go beyond product access, according to Shaun E. Kelly, President of Ironshore Inc. and President and Chief Executive Officer of Ironshore's U.S. Operations. "Now brokers can easily access the combined, coordinated capabilities of Ironshore and National Insurance's Healthcare and Energy practices to submit and bind comprehensive, cost effective coverages, with the added benefit of industry leading claims and unsurpassed risk control services."

The new offerings – the first of many that will allow brokers to easily access coverages from Liberty Mutual's National Insurance and Ironshore units – address the needs of specific segments of key industries: 

  • Healthcare – Brokers can now write a single submission to obtain joint National Insurance and Ironshore quotes for their General Liability, Property, Auto, Workers Compensation and Professional Lines, including Patient Evacuation/Expense coverages for their senior care facilities
  • Energy – A single submission now lets brokers quote General Liability, Auto, Workers Compensation, Lead Umbrella and Pollution coverages for mid-sized oil and gas lease operators

About Liberty Mutual Insurance 

Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world.  We are the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners.   We also rank 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue.  As of December 31, 2016, Liberty Mutual had $38.3 billion in annual consolidated revenue.

Liberty employs more than 50,000 people in over 800 offices throughout the world.  We offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.

You can learn more about us by visiting www.libertymutualinsurance.com.

About Ironshore

Ironshore provides broker-sourced specialty property and casualty insurance coverages for varying risks located throughout the world.  Select specialty coverages are underwritten at Lloyd's through Ironshore's Pembroke Syndicate 4000.  The Ironshore group of companies is rated A (Excellent) by A.M Best with a Financial Size Category of Class XIV and A (Stable) by Standard & Poor's.  Pembroke Syndicate 4000 operates within Lloyd's where the market rating is A (Excellent) by A.M. Best, AA- (Very Strong) by Fitch, and A+ (Strong) by Standard & Poor's.  For more information, please visit:  www.ironshore.com.

Media Contact

Richard Angevine 617-574-6638 617-833-0926 [email protected]

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/liberty-mutual-acquisition-of-ironshore-brings-immediate-benefits-to-commercial-insurance-brokers-and-buyers-300457668.html

SOURCE Liberty Mutual



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