Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has responded to increased regional demand with the launch of two new divisions in Italy: Energy & Construction, and Cyber.
The launches are supported by two senior underwriter appointments in Milan to manage the new divisions, expand LSM’s offering in Italy and promote cross-selling between business lines.
Senior underwriter Alessandro Tomassi has been tasked with establishing the energy & construction division in Italy, which will offer specialty products and services to energy industries, including oil and gas, petrochemicals, power generation and renewables, and to a broad range of construction projects as well as annual contractor programmes.
Tomassi’s appointment leverages his nearly 18 years of experience underwriting energy and construction lines at Allianz.
The executive will report to Antonio Sacchi, general manager, Italy, Sean Pearson, European line of business manager and regional product leader, construction, and Didier Robin, European line of business manager, energy.
Mauro Marongiu has joined LSM as senior underwriter to develop and manage the cyber division, which offers a full suite of cyber solutions to protect businesses from a range of non-physical risks, including cyber perils, and technology and media errors and omissions.
Marongiu spent seven years in cyber underwriting positions at MGAs, most recently at RiskPoint and brings six years of experience as a cyber specialist in Italy. In his new role, he will report to Sacchi and Oliver Delvos, head of cyber and tech, Europe.
Sacchi commented: “The launch of the energy and construction and cyber divisions in Italy, mark an important milestone in the development of our activities in this strategic market.
“This local presence will allow us to strengthen our proximity to customers and partners and to support their complex projects even more effectively. Alessandro and Mauro’s strong local expertise will help develop our capabilities in structuring our energy, construction and cyber presence in the Italian market.”
With the launch of the Energy & Construction, and Cyber insurance lines LSM is strengthening its commitment to Europe, specifically Italy.
This expansion, coupled with the two local appointments, supports Liberty’s long-term “Invest in Europe 2030” objective: to serve as a reliable partner for insureds and collaborators across the continent.
LSM’s Italian presence is already substantial, with over 50 employees working across offices in Milan and Rome.
