Asia

Liberty Insurance to establish Beijing branch

Liberty Mutual’s China subsidiary, Liberty Insurance Company Limited (LICL), has been granted approval by China’s insurance regulators to establish a branch in Beijing. It is the first branch office to be opened by Liberty Insurance since it converted from a Liberty Mutual office in Chonqing to a wholly owned subsidiary of Liberty Mutual. Liberty Insurance said it will offer a portfolio of both personal lines products and commercial lines insurances, focusing on small and medium sized enterprises. “Over the past four years we have significantly increased our presence in Asia as part of an overall strategy of investment and growth for the future,” said Liberty Mutual Group chairman, president and chief executive Edmund F. Kelly.