Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds lines of business.
Liberty will continue to provide services and honor its commitments to existing liability, property and bonds customers for the duration of their existing contracts with the company, said Liberty in an emailed statement. Customers in these areas will be unable to renew their contracts once they expire.
Liberty continues to evolve its product offering in line with wider business objectives, said the statement. “To this end, this decision will allow Liberty to focus on those lines of business, including personal lines and fleet, where it can take advantage of its global scale and deliver excellent service to its brokers and customers.”
The company remains fully committed to the Irish market, its broker partners and 300,000 customers across motor (private motor, commercial vehicle, motor fleet, taxi & motorcycle) and home, the company added.
In October, 2019 Liberty announced the creation of 120 new roles in its Cavan, Ireland operations and said it intends to keep on looking for opportunities to grow in the Irish market.
Source: Liberty Mutual