Following the establishment of its Brazilian operation in 2009, Lloyd’s underwriter Liberty Syndicates, a member of Liberty Mutual Group, has moved its growing team to larger premises in the country’s biggest city, São Paulo.
The São Paulo and Rio de Janeiro offices were opened in 2009 as part of Liberty Syndicates’ strategy to capitalise on regulatory changes that resulted in a more liberalised local reinsurance market. The move to a larger office is part of the planned expansion of the syndicate’s local reinsurance capability.
Both Liberty Syndicates offices in Brazil provide brokers access to Treaty and Facultative Reinsurance products, including Property, Specialist Lines and Marine.
Florian Kummer, Liberty Syndicates’ Manager for Latin America, who is based in São Paulo, said: “We moved into the Brazilian market in 2009 because we could see plenty of opportunities with the opening up of the local reinsurance market. By expanding our operations in Sao Paolo, we will have the capacity to pursue opportunities resulting from the new financial landscape created by South America’s strong economic growth.”
The new Liberty Syndicates office is located at 21st Floor – Conj 212, Edificio Igarassu, Rua Surubim, no 577, São Paulo.
Source : Liberty Syndicates Press Release
