Liberty Mutual Insurance announced the completion of the acquisition of the business and operations of AmTrust Surety, the U.S. surety operations of AmTrust Financial Services, Inc., following satisfaction of customary closing conditions. The AmTrust Insurance Spain, Nationale Borg, and Nationale Borg Reinsurance portion of the acquisition is expected to close in the second half of 2019.
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To help brokers have better access to the full range of commercial and specialty insurance products from Liberty Mutual and Ironshore, Liberty Mutual has appointed Marc Orloff to lead field distribution for Global Risk Solutions (GRS), which focuses on core P&C lines for mid- to large businesses, as well as specialty, excess and reinsurance.
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David Long, Liberty Mutual Insurance’s Chief Executive Officer, today announced that Jay Hooley, Chairman and former Chief Executive Officer of State Street Corporation, has been elected to the insurer’s Board of Directors.
Liberty Mutual Insurance announced today it has signed a definitive agreement to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc. (AmTrust), a multinational property and casualty insurer specializing in coverage for small to midsized businesses.