1+ week, 6+ day ago (279+ words) The company said it is drawing on the global expertise of Liberty Mutual Insurance's Surety division, which has been active internationally for more than a century. Liberty General Insurance has launched its surety insurance business in India, introducing products aimed at supporting contractors, developers and government agencies in infrastructure-linked projects The launch follows the Insurance Regulatory and Development Authority of India's move to enable surety products as an alternative to bank guarantees.The company said it is drawing on the global expertise of Liberty Mutual Insurance's Surety division, which has been active internationally for more than a century.The new portfolio includes bid bonds, performance bonds, advance payment bonds, retention bonds, warranty bonds and shipbuilding refund guarantees, the last of which the company described as a first-of-its-kind offering in the domestic market.Liberty General Insurance noted that its surety model…...