Liberty Mutual Opens S.C. Captive Mgt. Co.
NU Online News Service, Oct. 22, 11:27 a.m. EDT?Liberty Mutual Captive Management Services in Bermuda announced yesterday that it will be offering captive management services to captive insurers in South Carolina.[@@]
The new organization, Liberty Mutual Management LLC, said its strengths lie in some of the same markets that define the South Carolina captive marketplace: nursing homes, assisted living residences and convalescent care homes.
"As one of the world's fastest-growing domiciles, South Carolina is the ideal location for our first on-shore management company," said Peter J. Willitts, president of Liberty Mutual Captive Management Services in Bermuda. "With the lines of business it attracts and its aggressive market outreach, it is in line with our product strengths and proactive strategy."
Liberty Mutual Captive Services, a business unit of Liberty Mutual Group, offers a variety of captive and rent-a-captive products and services including fronting, reinsurance, claims management, safety and loss prevention, and underwriting, the company said.
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