BOSTON--(BUSINESS WIRE)--Liberty International Underwriters® (LIU), part of Liberty Mutual Insurance, has teamed up with program administrator PGI Commercial to offer LIU Environmental coverages under a new program administrator agreement signed today.
PGI Commercial’s clients now have direct access to:
- Expanded capacity to better cover their operations
- LIU Environmental’s extensive suite of products
- LIU’s special expertise in identifying environmental risks and designing policies to protect companies against potential liabilities.
“The growth and increasing complexity of environmental risks demand the benefits this relationship can bring to the market,” said David Cohen, President of Liberty International Underwriters, U.S. and Latin America. “We are excited to collaborate with PGI, one of the most well-respected companies in this business, to address this market need.”
With the combined strength of PGI Commercial’s comprehensive and innovative solutions and LIU’s global network of professionals who navigate local business and environmental regulations and customs, clients can feel confident that their operations are well protected against risk.
“LIU is one of the top global specialty lines insurers, with the level of financial stability and expertise in environmental risk that our clients demand,” said Tom Owen, Director of Environmental Liability for PGI Commercial.
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.
About PGI Commercial:
PGI Commercial is a leading Specialty Program Manager in the Property & Casualty Marketplace. At PGI Commercial, our clients are the most important part of our business. With six core Underwriting offices throughout the U.S. our experienced Underwriting teams can respond to match the needs of all our clients.
Liberty International Underwriters is the marketing name for the broker-distributed specialty lines business operations of Liberty Mutual Insurance. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This literature is a summary only and does not include all terms, conditions, or exclusions of the coverage described. Please refer to the actual policy issued for complete details of coverage and exclusions.