Thursday, November 12, 2009

Liberty International Underwriters Expands Contract with red24 to Include Kidnap, Ransom and Extortion Services

liberty mutual

BOSTON - (Business Wire) With more than 20,000 global kidnappings every year, companies need to take seriously the risk posed to employees and their family members. In response to this need, Liberty International Underwriters (LIU), a division of Liberty Mutual Group, has expanded its product recall crisis management contract with red24, a leader in global security assistance, to give brokers and their clients access to an experienced kidnap, ransom and extortion (KRE) consulting and response team.

The expanded relationship with red24 was announced today at LIU’s Global Crisis Management Forum held in New York City.

LIU KRE policyholders will have access to red24’s services lead by Jack Cloonan, a retired FBI Special Agent who was the Senior Case Agent on the New York Anti-Terrorism Task Force and participated in multiple high profile investigations over the last decade.

“Around the world, kidnaps for ransom are becoming increasingly violent and ransom demands are skyrocketing,” said Lou Lubrano, senior vice president of LIU’s Global Crisis Management. “With access to world- renowned specialist Jack Cloonan as their kidnap and ransom team leader, LIU KRE policyholders will have an edge in preventing and responding to these frightening trends.”

Working with red24, LIU’s Global Crisis Management experts will help brokers provide the specialized loss control engineering and loss mitigation services necessary to protect clients’ employees, operations and reputation before, during and after a crisis.

LIU’s Global Crisis Management products include Kidnap, Ransom and Extortion; Contaminated Products and Product Recall.

Brokers can contact Louis Lubrano directly at 212-208-9543 or via e-mail at

Part of Liberty Mutual Group’s international operations, LIU provides specialty commercial lines of insurance worldwide, including casualty, directors & officers insurance, professional liability, fidelity, crisis risk management, marine, energy, construction, engineering and reinsurance, distributed exclusively through the independent broker network. More information can be found at

About Liberty Mutual Group

Boston-based Liberty Mutual Group is a diversified global insurer and fifth largest property and casualty insurer in the U.S. based on 2008 direct written premium. The Company also ranks 86th on the Fortune 500 list of largest corporations in the U.S. based on 2008 revenue. As of December 31, 2008, Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2 billion in consolidated liabilities and $28.9 billion in annual consolidated revenue.

Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety.

Liberty Mutual Group ( employs over 45,000 people in more than 900 offices throughout the world.

Liberty Mutual Group
Adrianne Kaufmann, 617-947-3811 Cell