Portfolio Transfer

In the fall of 2019, we informed stakeholders of the intention of AmTrust International Underwriters DAC (“AIUD”) to transfer its entire Dutch and Belgian guarantee portfolio to Liberty Mutual Insurance Europe SE (“LMIE”), an insurance company based in Luxembourg. LMIE has an “A” rating from Standard & Poor’s.
On March 25, 2020, the High Court of Ireland approved the proposed transfer. As of the transfer on March 31, 2020, Liberty Mutual Surety Europe B.V. with the trade name Nationale Borg, located at Keizersgracht 165, 1016 DP Amsterdam, the Netherlands and Uitbreidingstraat 66, 2600 Antwerp, Belgium, acts as an authorized agent for LMIE in the Netherlands and Belgium.
The transfer has not changed existing guarantee facilities and existing bonds and guarantees, nor our systems, our service and our contacts.
We look at our future within the Liberty Mutual group, the largest non-bank guarantee provider in the world, with great confidence. If you have any questions about the transfer, please do not hesitate to contact us at info@nationaleborg.nl or via your relationship manager.