The reinsurer said the move signifies its expansion in the Australasian market. Credit: JHVEPhoto/Shutterstock.

Liberty Mutual Reinsurance (LM Re), a division of Liberty Mutual Insurance Group, has announced the launch of its Australian reinsurance operation, LM Re Australia.  

The reinsurer said the move signifies its expansion in the Australasian market, replacing the ARUS managing general agent that previously managed LM Re’s portfolio in the region through Lloyd’s. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

LM Re has named Mark De La Mare as the head of Australia and New Zealand.  

De La Mare will take on the new responsibility from October 2024, reporting to head of property for London James Green and chief operating officer for Asia-Pacific John McCabe.  

His role is expected to be central to LM Re’s strategy for the region, leading the underwriting team based in Sydney. 

With more than 15 years of reinsurance experience, De La Mare’s expertise spans catastrophe risk modelling and strategic reinsurance placements.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

His professional history encompasses a variety of reinsurance classes in both the London and Asia-Pacific markets.  

De La Mare’s previous role was head of property, Australia, at Aon’s Reinsurance Solutions. 

Green said: “We are very pleased indeed to welcome Mark to LM Re to develop and strengthen the local reinsurance presence we have built in the region. Mark’s deep industry knowledge and experience will be invaluable as we strengthen our operations in Australia and New Zealand. 

“We also extend our sincere gratitude to John Bubb and Richard Wareham for their 14 years of exceptional service at ARUS and contributions to our business. Their efforts have laid a strong foundation upon which Mark will build, ensuring a seamless transition and continued excellence in service delivery.” 

Earlier this year, Liberty Specialty Markets, another division within the group, appointed Anabella Frontado as the head of war & terrorism for the Latin American markets.