Liberty Mutual Insurance has today announced a rebrand of its European and UK surety and guarantee operations to Liberty Mutual Surety. The company has also revealed it has created a single surety and guarantee entity, Liberty Mutual Surety Europe B.V., to offer aligned surety and guarantee solutions across the EU.
Discussing these strategic steps, Liberty Mutual Surety’s global risks COO Nate Zangerle (pictured), said that a single entity will make it easier for the business’s clients to get all-sized bonds and cross-border guarantees. He noted that the move will result in deeper and broader knowledge in customers’ industries and markets.
Leveraging the strength of the Liberty Mutual brand across its European surety and guarantee operations will reinforce both its global and regional strength, he said, as well as its knowledge and experience. Liberty Mutual Surety has locations in 18 countries and the capability to issue guarantees in more than 60.
In a Press release, the company noted that, traditionally, Liberty’s European surety and guarantee products were sold under the Liberty Specialty Markets and Nationale Borg trade names. Meanwhile, property, casualty and specialty products in Europe will continue to be sold by Liberty Specialty Markets.
