Liberty Taking on Business: Retail Merchant Services
Liberty is taking on some European business from Ironshore. What are your plans concerning your own business? Are you interested in reliable retail merchant services to grow your business? Where can you find them? Just read below and you’ll discover.
Liberty’s New Plans Concerning Ironshore
Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance, has recently signed a renewal rights agreement with Ironshore Europe. As a result, LSM will take on its European non-M&A business and staff.
Liberty Specialty Markets is a company offering specialty and commercial insurance, as well as reinsurance products. LSM provides its servicesinthe main locations in the UK, Europe, Middle East, the US, and elsewhere.
With LSM, brokers and insurers can enjoy a wide range of products through both the Company and Lloyd’s markets. The company has more than 1.700 employees in about 65 offices across the world. Liberty Specialty Markets enjoys the benefits of the full financial strength of the Liberty Mutual Insurance Group. The latter is based in Boston and is a US Fortune 100 company.
Liberty Specialty Markets and Ironshore are included in Liberty Mutual’s Global Risk Solutions division, writing specialty insurance and reinsurance business.Under the mentioned agreement,Ironshore Europe ceases to underwrite new business from three locations,Zurich, Rotterdam and Cologne, after the switch is complete.
It’ll retain staff to handle the run-off of the existing policies. Ironshore’s M&A underwriting business in Frankfurt won’t be affected.
According to KadidjaSinz, Liberty Specialty Markets’ head of Europe, this is an excellent opportunity that’ll help them bring together their talents and capitalise fully on the strength of LSM. Beyond that, this venture serves as a further step in their overall strategy to be a leading specialist insurer in Europe.
LSM’s New Agreement: Retail Merchant Servicesfor Your Growth
Such move builds on LSM’s strategic growth plans in Europe. What are your growth plans? Do you have reliable and secure merchant services? If not, where can you get them? Well, by working with a reputable payment expert in the UK, you can get the best deal for your business.
Only an expert comparison company can help you find the best retail merchant services tailored to your own specific business needs. So, look for a merchant services comparison company that offersfree consultation, reviews of contracts, rates, and fees.
Work with a respectable payment expert that provides the most honest snapshot of the company at the time of writing. Also, pay attention to whether the company checks each processor’s integration process because integration requirements are as much important as fees and customer service. Thanks to the right integration process, you’ll be able to enjoy a smooth transition and onboarding process.
By the way, the main lines being transferred include contingency and construction, fine art and specie, liability and marine, as well as personal accident. Beyond that,Liberty Specialty Marektsexpands its liability team.
For instance, Paul Grover, who was formerly an international class subject matter expert with AIG, is appointed LSM’s international Casualty Underwriting Manager.Daniel Munro, formerly London market Manager at AIG, becomes London market Casualty Manager.
Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry, including retail merchant services, has helped thousands of business owners save money and time.