We advised Liberty Mutual Surety, one of the world’s largest insurance companies, on structuring the business model, insurance products, insurance terms and conditions, and the provision of surety insurance services in Lithuania.
Operating since 1912 and headquartered in Boston, USA, Liberty Mutual is the fifth-largest insurer in the world as of 2022, based on the size of assets and premiums collected for property and casualty insurance. Liberty Mutual ranks 86th in the Fortune 100 list of the largest US corporations. At the end of the last year, Liberty Mutual reported annual consolidated revenue of $50 billion and managed assets totaling $22.2 billion. It is a surety insurer with the highest financial reliability rating (A) according to Standard & Poor’s.
Our services and project team
We advised the client on structuring the surety insurance business model, insurance products, insurance terms and conditions, and regarding the provision of surety insurance services in Lithuania. Our team consisted of partner Tomas Kontautas, counsel Indrė Pelėdaitė, and senior associate Vitalija Impolevičienė.