Liberty Mutual places Lloyd's carrier Pembroke under "strategic review"

Property/casualty insurer Liberty Mutual Insurance is undertaking a strategic review of its London-based Pembroke Managing Agency, which came into its portfolio when it acquired lronshore in May 2017.

Headquartered in London with hubs in the US, Middle East and Asia, Pembroke underwrites a portfolio of specialty insurance products through Lloyd's (Syndicate 4000) and company paper, including: property, liability, political risks, marine and energy, accident and health, agriculture, and select specialist lines.

Pembroke is also a specialist provider of Lloyd's managing agency services to third party capital supported syndicates.

Liberty Mutual said it has retained Evercore to serve as its adviser through the process.

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