BOSTON (Jan. 15, 2020) – Liberty Mutual Surety has launched Liberty Mutual Surety Plus™, a new product line dedicated to contract transactional and small- to mid-sized surety business. Through independent agents, Surety Plus serves contractors that need standard bond programs up to $25 million, transactional bonds up to $3 million, subdivision bonds, and bonds that need special risk underwriting, including collateral, funds administration or Small Business Administration support.
“Surety Plus fills a gap in the surety industry,” said Liberty Mutual Surety Senior Vice President, Surety Plus Sam Zaza. “While many carriers provide one or two of these products, few sureties have field and home office underwriters that specialize in an appetite this broad. Surety Plus rounds out Liberty Mutual’s contract bond offering. Contractors have peace of mind knowing that if they grow or if they go through a rough period, they don’t have to start over with a new surety since Liberty has products and services to help them succeed.”
The creation of Surety Plus comes several months after Liberty Mutual acquired AmTrust Insurance’s U.S. surety operations (Insco Dico), a company that specialized in this business.
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About Liberty Mutual Surety
Liberty Mutual Surety, a business unit of Liberty Mutual Insurance, is the 2nd largest surety in the U.S. and a leading surety globally. With locations in more than 15 countries, Liberty Mutual Surety has the capacity, capabilities, and professionals to underwrite all types and sizes of contractors and corporations. Visit www.libertymutualsurety.com for more information.
About Liberty Mutual Insurance
Liberty Mutual’s purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care.
In business since 1912, and headquartered in Boston, Mass., today we are the fifth largest global property and casualty insurer based on 2018 gross written premium. We also rank 75th on the Fortune 100 list of largest corporations in the U.S. based on 2018 revenue. As of December 31, 2018, we had $41.6 billion in annual consolidated revenue.
We employ nearly 50,000 people in 30 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.
You can learn more about us by visiting www.libertymutualinsurance.com.
Media Contact:
Richard Angevine
617-574-6638
Richard.angevine@libertymutual.com
