Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has announced two senior promotions within its Bermuda operation.
Steven Beadle has been named Chief Financial Officer, while Chen Foley becomes Head of Bermuda Claims.
Both promotions take place with immediate effect and follow last year’s integration of the company’s Ironshore Bermuda brands into a single business branded as Liberty Specialty Markets Bermuda.
“Both Steven and Chen have played major roles in the development of the Bermuda platform and Ironshore’s integration to LSM,” said Steve Horton, President of LSM Bermuda.
“The Bermuda platform continues to grow and we have recently added a reinsurance offering. We are focused on continuing to deliver excellent service to our clients and brokers, whilst building our product suite and new carrier partnerships.
“Steven and Chen are key to our ongoing success and I congratulate them both on their respective promotions.”
Beadle, joined Ironshore in 2008 and was made Corporate Controller in 2017 after having served for three years as Financial Controller (Bermuda), will report to Steve Horton, President of LSM Bermuda and Steve McMurray, Chief Financial Officer of LSM.
Foley, who was previously Head of Claims for Iron-Starr, will now help bring together the former Ironshore business lines and property claims teams.
He will report to Horton and Mike Gillett, Chief Claims Officer, Liberty Specialty Markets.