Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has opened a new office in Singapore.
Mr Dieter Winkel, president of Liberty Mutual Re commented in a statement, “As LM Re continues to build out its global underwriting platform, we have taken the decision to establish a formal presence in Singapore to better serve and support our broker partners and clients across Asia Pacific and focus on developing emerging market opportunities across the region.”
“For many years, we have participated in this market as a treaty reinsurer of Property, Casualty and Specialty lines. The portfolio has been driven by the underwriting teams in our existing offices and platforms across the UK and Europe. This is the right time to establish ourselves locally in the region.”
LM Re has appointed Ms Annie Leong as its regional underwriting manager in Asia Pacific. She will focus on building the franchise locally and be central to Liberty’s Asia Pacific portfolio as a whole.
LM Re will be operating with a full treaty reinsurance licence as part of the LSM Asia Pacific office in Singapore and will have local underwriting authority.