Liberty Specialty Markets
, a part of Liberty Mutual
Insurance Group, has been voted in as the newest member of the Berne Union, an association for the global export credit and investment insurance industry.
The Berne Union boasts 83 member companies from 73 countries with member companies including export agencies, public and private insurers and multilateral agencies. In 2015, Berne Union members provided more than $1.5 trillion in insurance for trade and investment.
LSM’s Global Financial Risks division will represent the company at the Berne Union, according to a release. The company’s GFR clients include government agencies, international banks, multinationals and global commodity companies.
“Joining the Berne Union creates opportunities for Liberty to work with the major players in our industry around the world, taking part in technical discussions to enhance the products available to the market and increase the support we are able to provide for global trade and investment flows,” said Peter Sprent, head of LSM’s GFR division. “Our experienced team of underwriters is looking forward to working with Berne Union colleagues.”
“On behalf of the leadership and Secretariat, I welcome Liberty to the Berne Union family, and look forward to the added expertise, knowledge and experience they bring to the association,” added Berne Union President Topi Vesteri.
Liberty appoints reinsurance business development chief
Aspen snaps up Liberty’s UK regional P&C business