Liberty Mutual Insurance has appointed Nicole Arangio as its new Executive Vice President (EVP) and Chief Compliance Officer, effective April 1st, 2025, with a transition over the next few months.
Currently, Arangio serves as Chief Compliance Officer for Global Risk Solutions, the firm’s global commercial and specialty international re/insurance operations. She is also responsible for Compliance Enablement, leading a team that effectively manages and coordinates compliance activities across global locations.
She joined Liberty Mutual in 2000 as counsel and has held several leadership roles across Global Legal & Compliance over her 25-year tenure, including overseeing financial crimes, compliance education, and building the compliance enablement team.
Tim Sweeney, President and Chief Executive Officer, commented on the appointment, “I’ve had the pleasure of working with Nicole for many years and have witnessed her exceptional leadership and in-depth expertise in legal, ethics and compliance.
“With more than two decades at Liberty Mutual, Nicole is a trusted advisor with an ability to forge deep relationships to bolster an enterprise view of compliance that advances and protects our company.”
Karen Morton, the current EVP and Chief Compliance Officer, is set to retire by the end of March 2025.
Morton has also held multiple leadership roles in her nearly 20 years of working at Liberty Mutual, including Deputy General Counsel for the Litigation and Coverage Group. She joined the company in 2006 as Vice President and Assistant General Counsel for Employment, Benefits and Corporate Services.
Under Morton’s tenure, the team developed a unified, global approach to compliance, enhanced data utilization to mitigate organizational risk, and created the award-winning Liberty Legal Academy. She has also served as the Co-Executive Sponsor for LEADA@Liberty, the company’s employee resource group that supports employees of African descent and allies.
Sweeney added, “Karen has been a vital member of the Liberty Mutual leadership team, significantly shaping the company’s legal and compliance function over the last 20 years. I am grateful for her many contributions to our company and her dedicated support and commitment within our employee resource groups. I’m personally grateful for her friendship over the years and wish her the very best in her next chapter.”
Morton concluded, “It’s been an honor to lead the compliance function and work closely with my colleagues and peers to advance our global strategy. With Nicole’s extensive expertise and deep legal experience at Liberty Mutual, as well as her exceptional leadership capabilities, she will offer a strategic perspective as she works with the executive leadership team to continue driving the business forward.”
