Liberty General Insurance Ltd. announced today the official launch of Surety Insurance in India, marking a major step in enhancing the country’s construction and infrastructure financing ecosystem.

Drawing on over a century of experience from Liberty Mutual Insurance’s Global Surety division, the launch introduces top tier underwriting discipline, international best practices, and extensive global capabilities to the Indian market, stated the company's press release.

With IRDAI allowing Surety products as alternatives to bank guarantees, Liberty’s entry supports India’s goals to expand infrastructure capacity, reduce liquidity pressure on contractors, and develop a more diversified risk-transfer framework.

Parag Ved, Chief Executive Officer and Whole-Time Director of Liberty General Insurance Ltd., stated, “India is entering a transformative phase of infrastructure expansion, and Surety Insurance has the potential to increase capacity, improve cash flows, and help contractors of all sizes grow. With Liberty Mutual Surety's global expertise and strong capabilities, we are dedicated to building a robust, trusted, and collaborative Surety ecosystem in India. This launch aligns with our purpose—to help people embrace today and confidently pursue tomorrow.”

Liberty’s Surety portfolio in India includes Bid Bonds, Performance Bonds, Advance Payment Bonds, Retention Bonds, Warranty Bonds, and Shipbuilding Refund Guarantees—an India-first offering. These products align with global standards and meet the needs of contractors, developers, and government bodies. Liberty’s Surety model is supported by a partner network comprising placement specialists, brokers, and major infrastructure stakeholders.

Gisha George, President - Product & Underwriting (Commercial Lines & Reinsurance), Liberty General Insurance Ltd., said, “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.”

Senior leaders from Liberty Mutual’s Global Surety organization — including Nate Zangerle, Chief Underwriting Officer and Incoming President, Global Surety; Hani Rizkalla, Segment President, Surety – Global Risks; Ivo Nijenhuis, Senior Vice President and Regional Executive – Latin America & Asia Pacific; Nicholas Kim, Chief Underwriting Officer- International, and regional attended the launch, underscoring the long-term commitment to developing India’s Surety market and aligning it with global best practices.

As India increases infrastructure investment, Surety Insurance is expected to play a key role in expanding guarantee options, reducing capital tie-ups, and enhancing project governance. Liberty General Insurance aims to be a long-term partner in India’s growth story by providing expertise, capacity, and solutions aligned with national priorities, per the press release.