LIU expands excess, surplus property operation to West CoastPosted On: Nov. 8, 2011 12:00 AM CST
BOSTON—Liberty International Underwriters, the global specialty lines division of Liberty Mutual Group Inc., has opened an excess and surplus property operation office in Los Angeles to better serve West Coast wholesale brokers, the Boston-based company said Tuesday.
Chet Simmons, a 35-year insurance veteran, has been named regional manager for the operation.
“Having launched our E&S property product in late 2010 with primary focus on the eastern and southeastern United States, we thought the West Coast was a natural step in our ongoing expansion strategy,” David Cohen, president of LIU U.S., said in a statement.
LIU’s E&S product provides all risk, named windstorm, difference in condition, flood and earthquake coverage in catastrophe-exposed areas for mid- and large-size property portfolio risks with capacity of up to $25 million, according to the company.