BOSTON (June 27, 2024) - To help mid-size companies better manage foreign exposures, Liberty Mutual Insurance launched Liberty WorldWise, a flexible product tailored to the needs of individual companies that have employees working abroad or maintain foreign operations requiring more sophisticated controlled master programs.
“We tailored our product to meet the needs of mid-size companies in the US that have multinational reach,” said Liberty Mutual Middle Market President Marc Orloff. “Agents and brokers can work with our dedicated underwriters to solve the specific challenges facing an account, from robust business travel coverage to sophisticated controlled master programs with local policies meeting county-specific regulations.”
While any mid-sized company can have foreign exposures, the need is critical in the manufacturing, technology, life sciences and financial sectors, given the global nature of sourcing, production, research and back-office support.
Liberty WorldWise is the first new product developed for customers of Liberty Mutual’s Middle Market division. In February of 2023, Marc Orloff was appointed to lead this group, which possesses deep industry expertise to provide holistic solutions to the complex and emerging risks facing middle market companies.
More information on the risks facing mid-size companies can be seen here.
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About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and companies embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the eighth largest global property and casualty insurer based on 2023 gross written premium. We also rank 87 on the Fortune 100 list of largest corporations in the US based on 2023 revenue. As of December 31, 2023, we had $49.4 billion in annual consolidated revenue.
We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com.
