Liberty’s Irish operation was subsumed into Madrid-based Liberty Seguros in 2018, leaving it as a branch of the Spanish company.
Liberty recorded €825 million premiums in Spain and wrote €235 million of business in Portugal in 2021. It had almost 550 employees on the island of Ireland, and a further 1,250 workers on the Iberian peninsula. Its bid to increase its exposure to the Republic follows a number of reforms aimed at reducing volatility and coverage costs in a historically highly volatile market, even by the cyclical nature of insurance internationally.
Meanwhile, the Central Bank of Ireland imposed a ban last July on the previously widespread practice of motor and home insurers increasing premiums for loyal customers by stealth.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: