Liberty International provides insurance products and services through two distinct approaches:
Liberty International Holdings’ country operations sell property, casualty, health and life insurance products to individuals and businesses in Latin America, Europe and the Asia-Pacific region. Private passenger automobile insurance is the single largest line of business.
Liberty International Underwriters (LIU) writes casualty, specialty casualty, marine, energy, construction, aviation, property, crisis management and trade credit coverages and other specialty programs through offices in Asia, Australia, Europe, the Middle East, North America and Latin America. LIU, through its Lloyd’ s Syndicate 4472, also provides multiline insurance and reinsurance worldwide.
Liberty International continued its impressive record of profitable growth in 2011 despite the uncertain world economic environment. Today, nine of its 14 country operations, which sell both personal and commercial lines, rank in the top ten in their industry, and its specialty commercial business, Liberty International Underwriters (LIU), continues to innovate, prosper and grow.
A particular point of pride was the response of country operation LMG Insurance in Thailand to that nation’s devastating floods, which impacted 65 of that country’s 77 provinces. In addition to responding to the needs of its customers and employees, many of whom had to evacuate their homes, the company distributed 8,000 relief packages to flood victims. LIU also assisted with local efforts in Thailand, and in response to the earthquake and tsunami in Japan, flooding in Australia, and the earthquake in New Zealand, with major financial support via reinsurance.
Other highlights from Liberty International’s country operations include the association of Liberty Seguros (Brazil) with the 2014 FIFA World Cup as a national supporter and exclusive insurance provider, the opening of a branch in Guangdong, China, the country’s largest property and casualty insurance market, and the acquisition of an insurer in Ireland.
Ever since its launch in 1999 as a specialty lines company, LIU has continued to launch unique niche products, including cyber liability, through its 49 offices worldwide.
Significant LIU achievements in 2011 include: LIU Europe’s push into the mid-market commercial sector in the United Kingdom with new offices in Birmingham, Leeds and London; LIU Asia Pacific’s initiative to position itself as a provider of choice for infrastructure and construction projects; LIU U.S.’s expansion into excess and surplus lines property, and the relaunching of its marine offering; and Liberty Syndicates trading in agricultural reinsurance, marine and specialty motor segments.
Looking ahead, Liberty International intends to continue to expand its presence around the world and capture an appropriate share of the global specialty lines and reinsurance business as well as emerging property and casualty insurance business.