Liberty International Underwriters has opened a new office in Spain as part of a European expansion
Liberty International Underwriters (LIU), a division of insurer Liberty Mutual Group, has opened an office in Spain as part of its continuing continental European growth strategy.
The new branch, in Madrid, will be headed by Fernando Lara and will initially focus on directors & officers, financial institutions and professional indemnity with other products being introduced in the future, the company said.
Commenting on the launch, LIU Europe’s chief executive, Sean Rocks said: “We have been writing Spanish business for some time now under the E.U. passporting licence, but in order to achieve our expansion plans, we need to give local brokers a local presence.
“Fernando has many years’ experience in the industry and the team we have in place in Madrid has a combination of technical skills and local knowledge. This means that brokers in Spain will enjoy the same level of service that brokers in the UK and other European countries do where we have a local presence.”
LIU Europe provides specialty insurance products for large and medium sized companies and professional organisations throughout its branches in Europe.
It writes other products such as general liability and energy for the Spanish market through its London office and will seek to expand such capability to Spain in the future.
