Liberty Syndicate Management Ltd (Liberty Syndicates) celebrated the opening of offices in São Paulo and Rio de Janeiro at their launch party this week saying the two sites will be used to offer both treaty and facultative programmes to the country’s primary markets.

“These offices complement Liberty Mutual’s existing Liberty Seguros operations in Sao Paulo and the launch earlier this year of Liberty International Underwriters’ Specialty Lines Division,” said the company in a statement to announce the move. “Both Liberty Syndicates offices will provide brokers with access to the full range of Treaty and Facultative Reinsurance products, including Property, Contingent Lines and Marine, which will be underwritten by Liberty Syndicates.”

The office openings were a very welcome addition to One Lime Street’s representation in the biggest market in the rapidly developing Latin American market, said Marco Castro, Managing Director of Lloyd’s Brazil, who added he believed it is a real benefit to be on the ground if the opportunities in the Brazilian market are to be realised.

He said: "It’s important to establish a local presence to help inform the market about how Lloyd’s operates and what advantages it has to offer.”

Liberty Syndicates’ CEO Nick Metcalf added, “We think that profitable growth in such a highly dynamic environment can be achieved only by being close to the original risk, by superior risk selection and by having a clear understanding of our customers’ needs.”

The announcement came as the Latin American insurance and reinsurance market headed to Las Vegas for the biennial FIDES conference.