Liberty Mutual Re insurance Unit Further Solidifies Aussie Market Reach
Liberty Mutual Re insurance Unit Further Solidifies Aussie Market Reach
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:
| Allianz Partners Introduces Tailored Cruise Travel Insurance for Australians 22 Dec 2025: Paige Estritori In a strategic move to cater to the growing number of Australian cruise enthusiasts, Allianz Partners has unveiled a cruise-specific travel insurance product in collaboration with Norwegian Cruise Line (NCL). This initiative aims to provide comprehensive coverage tailored to the unique needs of cruise travellers. - read more |
| Australian Insurers Face Challenges in Cybersecurity Readiness 22 Dec 2025: Paige Estritori Recent findings from the PwC Insurance Banana Skins Survey reveal that Australian insurers are trailing behind their global counterparts in cybersecurity preparedness. This lag is particularly concerning given the rapid evolution of cyber threats, especially those enhanced by artificial intelligence (AI). - read more |
| Australian General Insurers Report Record Profits Amid Premium Hikes 22 Dec 2025: Paige Estritori Australia's general insurance industry has reported a remarkable financial performance, achieving a 19% return on equity (ROE) for the 2025 financial year—the highest in a decade. This significant milestone reflects a combination of strategic premium increases and favourable market conditions. - read more |
| Australian Life Insurance Sector Anticipates Steady Growth Amid Economic Recovery 22 Dec 2025: Paige Estritori The Australian life insurance market is on a trajectory of steady growth, with projections indicating an increase in gross written premiums (GWP) from $26.2 billion in 2025 to $30.5 billion by 2029. This represents a compound annual growth rate (CAGR) of 3.9%, reflecting a positive outlook for the sector. - read more |
| Tax Deductions and Income Protection: Maximizing Your Benefits When life throws unexpected health challenges your way, having a solid plan to protect your income is crucial. Income protection insurance is designed to provide financial support if you're unable to work due to illness or injury, allowing you to focus on recovery without the added stress of financial burden. - read more
|
| Protecting Your Future: A Simple Approach to Life and Disability Insurance Welcome to the crucial conversation about safeguarding your future through life and disability insurance. Many of us ponder the distant horizon of life's 'what ifs,' but are we truly prepared? The reality is that our financial security can be drastically affected by unforeseen events—a serious illness or a sudden disability that prevents us from working. That's where life and disability insurance come into play, serving as critical safety nets that can keep us afloat during tough times. - read more
|
| Avoiding Overinsurance: How to Choose Adequate Coverage Without Wasting Money Income protection insurance is a key component of financial planning that safeguards your earning potential in the untimely event of illness or injury. In Australia, it reassures individuals that their most valuable asset, the ability to earn, is shielded against unforeseen circumstances. Adequate income protection can provide peace of mind, with the security of a regular income even when you're unable to work. - read more
|
| Tips and Tricks for Fitting Insurance Premiums into Your Monthly Budget Understanding the significance of insurance in managing your finances is crucial. It acts as a safeguard, providing a buffer against unexpected losses or damage to your most valuable possessions. However, the costs associated with this necessary protection can be challenging to manage, especially when it comes to fitting insurance premiums into a monthly budget. - read more
|
Insurance which provides protection against liability to third parties.