Reinsurance News

Liberty Mutual launches cyber office and makes new appointments

13th February 2023 - Author: Kassandra Jimenez-Sanchez

Liberty Mutual, a property and casualty insurer, has announced the formation of a Global Risk Solutions (GRS) Global Cyber Office, as well as the appointment of respected experts to key leadership roles.

liberty-mutual-insurance-logoAccording to the firm, the new office builds and scales Liberty Mutual’s cyber capabilities around the world, bringing a multidisciplinary approach to a complex risk that spans geographies and industries.

GRS Insurance Solutions President Liz Geary leads the office pending the appointment of a global head of cyber, who will report to her.

Since joining the Office of Underwriting in 2022, Geary has focused on building her Insurance Solutions leadership team, charged with providing global support to new and rapidly evolving risks in the market.

“Cyber is among the most complex risks facing companies,” said Geary. “And it is that very complexity that lets us add true value to risk managers and brokers. Our newly created office and leaders align and elevate our expertise in cyber underwriting, product, claims, and risk prevention and mitigation to provide a global platform helping companies better address this critical risk.”

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Appointments to the firm’s new Global Cyber Office leadership team include Dan Frusciano, who was named North America head of cyber underwriting. He will be responsible for overseeing cyber underwriting strategy for US, Canada, and Bermuda.

Matthew Hogg was appointed to the role of global cyber product leader, and will be responsible for driving and enabling cyber product development, standards, training, pricing and profitability.

Ivonne Staisch was named Liberty Mutual Reinsurance head of cyber underwriting. Her responsibilities include overseeing cyber underwriting strategy for Liberty’s global reinsurance business

Derrick H. Lewis also joins the team as global head of cyber advisory services. His responsibilities include developing and leading the capabilities, frameworks, and tools for enhanced risk identification and selection, response, and consulting services for our underwriters, claim professionals, and insureds.

Liberty Mutual noted that the launch of the Global Cyber Office and the appointments of key leaders are the latest investment within the GRS Office of Underwriting, which was formed in 2022 to drive results through underwriting excellence, consistent global product strategies and a common view of risk.

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