income-insurance.com.au :: News
SHARE

Share this news item!

Liberty Mutual Re insurance Unit Further Solidifies Aussie Market Reach

Liberty Mutual Re insurance Unit Further Solidifies Aussie Market Reach

Liberty Mutual Re insurance Unit Further Solidifies Aussie Market Reach?w=400
Liberty Mutual Insurance Group's LM Re insurance unit is making impactful strides with the inception of a dedicated Australian branch.
At the helm of this initiative is Mark De La Mare from Aon, who will guide the underwriting team nestled in Sydney.

This strategic move showcases LM Re's intent to expand its presence in both Australia and New Zealand, marking a crucial milestone in the company's regional growth plans.

Previously, ARUS managed the portfolio for Australasia through Lloyd’s. The transition signifies a stronger footing and direct intervention by LM Re Australia in the reinsurance landscape.

The company emphasized that “Liberty Mutual Re's new Australian team will creatively enhance our existing operations and reinforce our pledge to clients. This endeavor aligns seamlessly with our mission to offer bespoke reinsurance solutions tailored to our significant markets,” the firm announced.

Embarking on his new role in October, Mr. De La Mare will serve as Head of Australia and New Zealand. He will directly report to James Green - Head of Treaty Property London and Asia-Pacific COO John McCabe.

His incumbency is seen as instrumental as LM Re forges ahead with its plans in the region. Prior to this recent move, Mr. De La Mare held the position of property head at Aon Reinsurance Australia.

With over 15 years under his belt in the reinsurance arena, Mr. De La Mare has a notable background in catastrophe risk modelling and strategic reinsurance placements, according to his LinkedIn profile.

James Green reflected on the appointment, saying, “Mark’s integration into LM Re is a win. His extensive insights and expertise in the industry will be crucial as we enhance our operational capabilities in Australia and New Zealand. The rapport we've built in the region will only grow stronger under his stewardship.”

This strategic expansion follows LM Re’s recent steps to broaden its international footprint, a move initially reported by InsuranceNews.com, setting its sights on providing tailored solutions and fostering closer client relations in emerging markets.

Published:Saturday, 20th Jul 2024
Source: Paige Estritori

Share this news item:

Insurance News

Insurance Industry Arms with AI to Outpace Scams Insurance Industry Arms with AI to Outpace Scams
17 Oct 2024: Paige Estritori

In an evolving battle against growing fraud, the insurance sector is turning to advanced technology as a solution. Despite the continuous advancements in fraud prevention, the creativity of scammers puts pressure on insurers to leverage smarter resources. - read more
Insurance Challenges Loom for Property Owners with Faulty Infrastructure Insurance Challenges Loom for Property Owners with Faulty Infrastructure
15 Oct 2024: Paige Estritori

In a troubling situation affecting many Western Australian families, defective plumbing is creating significant financial and emotional distress, as insurers increasingly shy away from covering homes plagued by repeated water leaks. - read more
Broker Not Accountable for Passing on Insurer's Instructions Broker Not Accountable for Passing on Insurer's Instructions
11 Oct 2024: Paige Estritori

An Australian homeowner's effort to hold his insurance broker responsible for allegedly misleading him about coverage for emergency tree removal has been dismissed by regulatory authorities. The incident unfolded following a storm that impaired trees on the insured premises. - read more
Insurers Propel Forward in Global Sustainability Rankings Insurers Propel Forward in Global Sustainability Rankings
10 Oct 2024: Paige Estritori

In a remarkable evolution within the finance sector, insurance companies demonstrate a growing commitment to sustainability, outperforming many global industries, according to Capgemini's latest analysis. - read more
Innovative Fee Protection for Schools: A New Safety Net Innovative Fee Protection for Schools: A New Safety Net
08 Oct 2024: Paige Estritori

360 Underwriting Solutions has marked a significant stride in financial resilience for educational institutions by launching a novel insurance product designed specifically for independent schools. This new solution addresses a critical gap by safeguarding schools from potential financial disruptions caused by unpaid fees. - read more



Life Insurance Articles

Navigating Pre-existing Conditions in Income Protection Insurance Navigating Pre-existing Conditions in Income Protection Insurance
Income protection insurance is a safety net that many Australians rely on to secure their financial future in the event of illness or injury preventing them from working. It's a type of policy that provides a replacement income if you are unable to earn your regular income due to a health-related absence from the workplace. - read more
The Role of Rehabilitation Benefits in Income Protection Insurance The Role of Rehabilitation Benefits in Income Protection Insurance
When the unexpected strikes, such as an illness or injury hindering our ability to earn a living, the financial repercussions can be devastating. This is where income protection insurance becomes a pivotal part of our financial safety net, ensuring a stream of income during challenging times. - read more
Understanding the Process: A Beginner's Guide to Income Insurance Claims Understanding the Process: A Beginner's Guide to Income Insurance Claims
Income insurance, an often-overlooked component of financial security, is gaining traction among Australia's burgeoning self-employed population. In an economy where traditional employment is no longer the sole path to success, this form of insurance has become a cornerstone for proactive financial planning. Touted as a safety net, it ensures that personal livelihoods and business operations remain secure in the face of adversity. - read more
Preparing for the Unexpected: Why Income Protection is Essential for Financial Security Preparing for the Unexpected: Why Income Protection is Essential for Financial Security
Life's unpredictability can often bring unforeseen challenges, particularly when it comes to our finances. One day you might be climbing the career ladder, the next you could find yourself unable to work due to illness or injury. This is where income protection insurance steps in, serving as a financial safety net that ensures you can continue to meet your living expenses, even when the unexpected happens. - read more
How Income Protection Insurance Can Safeguard Your Financial Future How Income Protection Insurance Can Safeguard Your Financial Future
Income protection insurance is a type of insurance policy designed to replace a portion of your income if you are unable to work due to illness or injury. This financial safety net can help cover essential living expenses, such as mortgage repayments, utility bills, and daily costs, ensuring you maintain your standard of living during tough times. - read more
Understanding the Process: A Beginner's Guide to Income Insurance Claims Understanding the Process: A Beginner's Guide to Income Insurance Claims
Income insurance, an often-overlooked component of financial security, is gaining traction among Australia's burgeoning self-employed population. In an economy where traditional employment is no longer the sole path to success, this form of insurance has become a cornerstone for proactive financial planning. Touted as a safety net, it ensures that personal livelihoods and business operations remain secure in the face of adversity. - read more
Income Insurance: The Safety Net for Your Financial Goals in Australia Income Insurance: The Safety Net for Your Financial Goals in Australia
Financial security is pivotal for anyone striving to meet their life goals, be it owning a home, educating children, or ensuring a comfortable retirement. In Australia, where uncertainties can disrupt our best laid-out financial plans, having a safety net in place is essential. Income insurance offers just that—protection against the unforeseen events that could impact your income earning abilities. - read more
The Role of Rehabilitation Benefits in Income Protection Insurance The Role of Rehabilitation Benefits in Income Protection Insurance
When the unexpected strikes, such as an illness or injury hindering our ability to earn a living, the financial repercussions can be devastating. This is where income protection insurance becomes a pivotal part of our financial safety net, ensuring a stream of income during challenging times. - read more
Income Protection Insurance: Balancing Cost with Adequate Coverage Income Protection Insurance: Balancing Cost with Adequate Coverage
Income protection insurance is a critical safety net for anyone who relies on a steady paycheck to meet their financial obligations and maintain their lifestyle. It offers a replacement income if you are unable to work due to illness or injury, ensuring that your financial responsibilities can be met even when you're not at your earning best. In today's fast-paced world, income protection has become an essential consideration for the modern working individual. - read more
Income Protection vs. Life Insurance: Why You Need Both Income Protection vs. Life Insurance: Why You Need Both
Insurance plays a crucial role in safeguarding our financial future. It serves as a safety net, ensuring that we can manage unexpected events without severely impacting our financial stability. For Australian adults, having the right types of insurance coverage is essential for peace of mind and financial security. - read more

Start Here !
disability protection
Apply now for your free Insurance assessment and price comparisons!

Monthly Income Benefit:
Your Postcode:
All quotes are provided free and without obligation. We respect your privacy.