Reinsurance News

Liberty Specialty Markets promotes Owen to Global Head of FRS

19th January 2023 - Author: Jack Willard

Liberty Specialty Markets (LSM) has promoted Huw Owen to the role of Global Head of Financial Risk Solutions (FRS), effective immediately.

liberty-specialty-marketsOwen will be based in London where he will report to Rachel Conran, Chief Underwriting Officer.

In the role, Owen will be responsible for strategic development of the global FRS team. The role will also see him work closely with clients and brokers to deliver LSM’s leading, tailor-made underwriting solutions to both global corporate and financial institutions.

Owen takes over the role from Peter Sprent, who has served at the firm for 11 years. LSM stated that Sprent is leaving to pursue personal interests. However, Owen will work closely with Sprent to ensure a smooth transition before his departure in late March.

Owen joined LSM in 2012 as Head of London Markets for FRS. Since then, he has served in a variety of roles within the team, most recently as FRS Chief Underwriting Officer.

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Before he joined LSM, Owen held the role of Senior Underwriter at Zurich Financial Services for over five years. Prior to Zurich, he served as a Class Underwriter on the War & Political Risk Team at Catlin.

Overall, Owen brings more than 20 years of industry experience towards the role.

Commenting on his appointment, Owen said: “I am very pleased to be appointed Global Head of FRS. We will continue to prioritise providing tailored credit and political risk solutions to meet the varied risk distribution needs of our clients and brokers. And focus on a high-performance culture, underwriting expertise and data-driven decision making and portfolio management. I look forward to working across our global network to grow our business offering.”

Conran, added: “We’re thrilled to announce Huw’s promotion. He has been instrumental in developing LSM’s growing product capabilities over the past 11 years to the global player it is today. Peter has our deep gratitude for his role in building the FRS business and we wish him the very best for his future.”

Meanwhile, earlier this week, LSM promoted Melanie O’Neill to the role of Chief Underwriting Officer in London. 

Additionally, earlier this month, LSM also appointed Carl Faulkner to the newly-created role of Head of Digital Strategy for Continental Europe.

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