Liberty Mutual is looking to expand its presence in the US wholesale insurance market. The company has been working with a number of insurers and financial institutions on plans for an initial public offering (IPO) that would raise up to $US1 billion ($A1.06 billion) from investors In a bid to grow in the wholesale marketplace, GRS has hired a new head of wholesale distribution in North America, Ben Johnson, and is dedicating personnel, marketing and products to address coverage needs within the sector.
Liberty Mutual is looking to expand its presence in the US wholesale insurance market. The company’s Global Risk Solutions (GRS) portfolio currently has around $500m in wholesale business, compared with an overall $13bn in gross written premium across all its business lines. In a bid to grow in the wholesale marketplace, GRS has hired a new head of wholesale distribution in North America, Ben Johnson, and is dedicating personnel, marketing and products to address coverage needs within the sector.