Liberty General Insurance has introduced surety insurance in India to support construction and infrastructure financing, leveraging Liberty Mutual Insurance’s global expertise and approval by IRDAI for surety products. This launch aims to aid India’s infrastructure goals, reduce liquidity pressure on contractors, and provide a diverse risk-transfer framework.

The surety portfolio includes bid, performance, advance payment, retention, and warranty bonds, along with the India-first shipbuilding refund guarantee, designed to meet global standards and address contractor, developer, and government needs. Supported by a partner network, Liberty General Insurance focuses on responsible growth, market education, and building trust with stakeholders.

Surety insurance is expected to play a crucial role in India’s infrastructure investment by expanding guarantee options, easing capital constraints, and strengthening project governance. Liberty General Insurance aims to support India’s long-term growth by offering expertise, capacity, and solutions aligned with the country’s development objectives.

Read more at Yahoo Finance: Liberty General launches surety insurance solution in India