Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has sets its sights on a European expansion after entering a renewal rights agreement with Ironshore Europe – an agreement that will see the latter cease to underwrite new business from three locations.
The move sees Ironshore take on its European non-M&A business and staff and means that Ironshore’s European retail business written from its Rotterdam, Cologne and Zurich offices will now be offered for renewal through Liberty Specialty Markets. Both LSM and Ironshore are part of Liberty Mutual’s Global Risk Solutions division.
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