Liberty General Insurance Ltd., part of the Liberty Mutual group, a long-standing insurance organisation, has introduced Surety Insurance in India.
The Surety offerings include Bid Bonds, Performance Bonds, Advance Payment Bonds, Retention Bonds, Warranty Bonds, and Shipbuilding Refund Guarantees.
These products align with established international formats and are intended for contractors, developers, and public sector entities. The rollout is supported by intermediaries, brokers, and participants from the infrastructure space.
Senior representatives from Liberty Mutual’s Global Surety division — Nate Zangerle, Hani Rizkalla, Ivo Nijenhuis, and Nicholas Kim — were present at the launch, indicating internal organisational support for participating in India’s Surety segment.
With infrastructure investment continuing to expand, Surety Insurance is expected to broaden guarantee options, ease capital requirements tied to traditional mechanisms, and support structured project oversight. Liberty General Insurance plans to operate within this space by applying its technical experience and capacity to the products permitted under current regulations.
Liberty Mutual Insurance is a Fortune 100 company with operations in multiple countries and a sizeable workforce. Its Surety division issues bonds across numerous markets and is supported by specialised underwriting groups and global service resources. This background forms the basis of its participation in India’s developing Surety market.
Parag Ved, Chief Executive Officer & Whole-Time Director, Liberty General Insurance Ltd., commented: “India is entering a transformative phase of infrastructure expansion, and Surety Insurance has the potential to unlock capacity, ease cashflows, and enable contractors of all sizes to grow. With the global expertise of Liberty Mutual Surety and strong capabilities, we are committed to building a strong, trusted and collaborative Surety ecosystem in India. This launch reflects our purpose — to help people embrace today and confidently pursue tomorrow.”
Gisha George, President – Product & Underwriting (Commercial Lines & Reinsurance), Liberty General Insurance Ltd., added: “Our Surety proposition brings together Liberty’s global experience and India’s market realities. We have built strong underwriting frameworks, robust operational readiness, and a partner-centric model to ensure seamless adoption. Our focus is on responsible growth, market education, and building trust with all stakeholders, including contractors, brokers, and government entities.”
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