Liberty Mutual’s London market specialty arm has committed to Lloyd’s China in Beijing.
Liberty Specialty Markets (LSM) has switched Eve Li to underwrite via the Lloyd’s China platform.
While she was already writing energy and construction business for the firm in Beijing, the Lloyd’s commitment means Liberty can now underwrite facultative and treaty reinsurance locally.
Liberty said it would be adding a further appointment this year in Shanghai.
Li also previously wrote energy and construction via Liberty’s office in Singapore, starting her career in Beijing writing construction with rival Zurich in 2008.
“Growing our presence in China has always been our goal as we see considerable potential in this market, said John McCammon, LSM’s head of international network offices.
“We are now planning to add to our Beijing presence with a new representative in Shanghai during 2016,” he said.
He said the move is part of LSM’s plan to increase its penetration into international markets, in line with its “hub” strategy outlined by president and managing director Nick Metcalf in 2015.
McCammon added: “This move also allows us to continue underwriting Chinese reinsurance risks in the most effective way possible given the regulatory changes taking place in China.”