BOSTON (February 9 2022) -- Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, announces that their capacity for the 2022 underwriting year will remain unchanged at USD $200 million per risk for transactional risk protection for all product lines: Warranty & Indemnity/Representations & Warranties, Tax Liability and Contingent Legal Risk.
Liberty GTS President Rowan Bamford commented “Our appetite for this risk class remains as strong as ever in 2022. Our consistent capacity will allow us to support our clients in what is likely to be a bumper year for the M&A market, following the surge in the demand for M&A insurance that we saw in 2021.”
Liberty GTS operates as a global specialty business, providing brokers and clients with centralized M&A insurance capabilities across its international network of offices, backed by a dedicated claims management team. Liberty GTS underwrites M&A lines of business on behalf of Liberty Mutual's Lloyd's of London Syndicate 4472 and Liberty company platforms.
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About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow. In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2020 gross written premium. We also rank 71 on the Fortune 100 list of largest corporations in the U.S. based on 2020 revenue. As of December 31, 2020, we had $43.8 billion in annual consolidated revenue. We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property. For more information, visit www.libertymutualinsurance.com.
About Liberty Global Transaction Solutions
Liberty Global Transaction Solutions (GTS) is one of the largest global M&A insurance teams in the industry. With more than 70 specialists, we have helped facilitate over 800 M&A deals a year on average—successfully insuring thousands of transactions since our inception. GTS offers specialized products and services to help facilitate M&A transactions for buyers and sellers, including Representations & Warranties (R&W)/Warranty & Indemnity (W&I) Insurance, Tax Liability Insurance and One-off policies created for individual contingent risks. For more information, visit https://www.libertygts.com/.
Contacts:
U.S. Contact : Richard Angevine, Liberty Mutual
617-833-0926
Richard.Angevine@libertymutual.com
Outside of U.S. Contact : Victoria Sisson, Luther Pendragon
+44 (0) 20 7618 9100 (M) + 44 (0) 07941 294872