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Liberty Mutual Opens Beijing Office

Feb 5, 2009 | Reprints | Print

Liberty Insurance Co. (LICL), a wholly owned Chinese subsidiary of Springfield-based Liberty Mutual Insurance Co. and part of the Liberty Mutual Group, has been granted approval to commence branch operations in Beijing by the China Insurance Regulatory Commission (CIRC).

Headquartered in Chongqing, LICL received CIRC approval in July 2008 to open a Beijing branch, the first branch established by the company in China. It will offer personal lines products and a wide range of commercial lines products that focus on the needs of small-to-medium enterprises.

"Liberty Mutual is the first U.S. carrier operating in China to receive CIRC approval to operate a Beijing branch," said Liberty Mutual Group Chairman, President and CEO Edmund F. Kelly. "We thank CIRC for approving the Beijing branch. This branch office is an important milestone, allowing Liberty Mutual to expand its presence within China."

Insurance