Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment breakdown.
According to Mike Martin, executive vice president and general manager, Liberty Mutual’s national insurance property operation, Liberty Mutual started offering equipment breakdown coverage to existing property clients five years ago, and soon after expanded to provide this coverage on commercial packages and monoline policies.
Its underwriting, claims, risk engineering and jurisdiction inspection resources are now available through the assumed reinsurance product.
Topics Reinsurance
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
Nine-Month 2025 Results Show P/C Underwriting Gain Skyrocketed 
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
