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Liberty Mutual Insurance Europe enters into commercial lines mid-markets

Liberty Mutual Insurance Europe (LMIE), a member of Liberty Mutual Group, has made a major push into commercial lines mid-markets.

LMIE said it will expand its network of regional offices in the UK and its suite of commercial insurance products during 2011.

The main focus for growth will be in the UK market although the company also writes commercial business in Ireland through its Dublin branch.

Focusing on corporate sector mid-market and larger SME risks, the commercial operation will offer property, casualty and financial lines backed up with risk management and risk engineering services as well as some more specialised products.

The company said it will continue to provide a range of specialty products via its London Market, Continental European and International operations under the Liberty International Underwriters (LIU) brand.

In addition, LMIE has appointed a development team for UK business under the leadership of Mark Stephenson, head of business development and Market Relations.

Stephenson will be supported by Neil Findley and Ian Cook covering the northern and southern UK, respectively.

The new division will report directly to LMIE CEO Sean Rocks, who will remain closely involved in managing the venture during the early stages of its development, said the company.

Rocks said they have had a commercial offering for a few years now operating out of London and Dublin as well as regional offices in Bristol, Cheltenham and Manchester.

"Our presence in this segment has been well-received by brokers and we have begun to score well in broker surveys," Rocks said.