Reinsurance News
Liberty Mutual Insurance
IRDAI appoints Liberty General Insurance as lead non-life insurer for Delhi
14th August 2023
Liberty General Insurance (LGI), one of the leading non-life insurance companies in India, has been appointed as the lead insurer for Delhi by the Insurance Regulatory and Development Authority of India (IRDAI). The appointment comes as a part of IRDAI’s State Insurance Plan, which aims to enhance financial awareness and drive ... Read the full article
Liberty Mutual hires Goodall as Head of Portfolio Management & Ceded Reinsurance
21st July 2023
Laura Goodall has been appointed Head of Portfolio Management & Ceded Reinsurance at Liberty Mutual Insurance. In the role she will be responsible for portfolio optimization and reinsurance strategy for GRS, making her in charge of reinsurance buying for that unit. A highly experienced veteran within the industry, Goodall brings over 20 ... Read the full article
Liberty Mutual Insurance makes strategic senior appointments
18th July 2023
Liberty Mutual Insurance President and Chief Executive Officer, Tim Sweeney, has announced key organizational changes and new executive leadership appointments that will be effective starting August 1st. These changes are aimed at enhancing focus on long-term strategic markets while leveraging scale advantages to drive improved profitability and faster innovation. It includes ... Read the full article
Generali to acquire Liberty Seguros for $2.5bn
15th June 2023
Liberty Mutual Insurance has agreed to sell its Madrid headquartered personal lines and small commercial insurance business, Liberty Seguros, S.A., to Generali Group for USD 2.5 billion (EUR 2.3 billion), subject to customary closing adjustments. The deal includes Liberty Seguros operations in Ireland, Northern Ireland, Portugal, and Spain. Liberty Mutual's other European ... Read the full article
Liberty Mutual Insurance appoints Patrick Thielen as Global Head of Cyber
22nd May 2023
Liberty Mutual Insurance Global Risk Solutions (GRS) has appointed Patrick Thielen as Global Head of Cyber. In the role, he will lead the development and execution of a cyber strategy that helps brokers and buyers across the globe better manage cyber exposure. At the same time, he will report to GRS Insurance ... Read the full article
Liberty Mutual falls to Q1 loss of $74 million as catastrophes take heavy toll
11th May 2023
Liberty Mutual Holding Company has reported a net loss of $74 million in Q1 of 2023, which the firm's CEO attributes primarily to "elevated catastrophe losses largely driven by severe weather storms across the Midwest." The reported Q1 net loss compares to a net income attributable to Liberty Mutual of $498 ... Read the full article
Liberty Mutual sees dip in net income in Q4 results
23rd February 2023
Liberty Mutual Holding Company Inc., (LMHC) and its subsidiaries has reported net income attributable to LMHC of $612 million for the fourth quarter of 2022, a 15.2% decrease from $722 million from the prior year quarter. Net written premium (NWP) for the quarter was $11.524 billion, representing a 4.5% rise from $11.028 billion ... Read the full article
Liberty Mutual launches cyber office and makes new appointments
13th February 2023
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. According to the firm, the new office builds and scales Liberty Mutual's cyber capabilities around the world, bringing a ... Read the full article
Liberty Mutual appoints Maria Grace as global product leader for property
29th November 2022
Liberty Mutual Insurance has appointed Maria Grace as its global product leader for property. Grace is set to begin in the role at the beginning of January and will report to Matthew Moore, Global Risk Solutions (GRS) president of underwriting. She will be responsible for the profit and loss of property ... Read the full article
Liberty Mutual hires Gosselin as Global Leader, Energy & Transition Risk
15th November 2022
Liberty Mutual Insurance has appointed Mike Gosselin as Global Leader, Energy & Transition Risk, where he will report to Global Risk Solutions President, Insurance Solutions, Elizabeth Geary. Based in London, Gosselin brings more than 25 years of global underwriting experience in the energy sector, including 21 years at Liberty Specialty Markets ... Read the full article
Liberty Specialty Markets names Martin Vince Head of Broker Management
3rd November 2022
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, has appointed Martin Vince to the role of Head of Broker Management, effective immediately. Within this role, Vince will report to Mark Stephenson, Head of Business Development and Market Relationships, and he will also be based in London. Vince ... Read the full article
Liberty Mutual Insurance hires Smith as President, GRS North America
23rd August 2022
Liberty Mutual Insurance has appointed Kevin Smith as President of Global Risk Solutions (GRS) North America, where he will report to GRS President, Neeti Bhalla Johnson Within this new role, Smith will be accountable for delivering GRS North America's financial and operational performance, which includes commercial and specialty businesses in the US, Canada and Bermuda and operates across ... Read the full article
Chantal Rodriguez appointed as Liberty Mutual Reinsurance CUO
17th August 2022
Liberty Mutual insurance has appointed Chantal Rodriguez as Liberty Mutual Reinsurance Chief Underwriting Officer (CUO), where she will report to both Global Risk Solutions (GRS) President of Underwriting, Matthew Moore and Liberty Mutual Reinsurance President Dieter Winkel. At the same time, the company has also announced that Crystal Ottaviano has been ... Read the full article
Liberty Mutual appoints two new GRS underwriting leaders
5th August 2022
Liberty Mutual Insurance has announced the appointments of two new underwriting leaders within Global Risk Solutions (GRS) Underwriting. Brandon Fick will join the company as North America Chief Underwriting Officer and Nate Zangerle is named Chief Underwriting Officer for Global Surety. Fick is said to bring strategic leadership and underwriting experience as ... Read the full article
Liberty Mutual cites investment market volatility & loss cost inflation amid Q2 loss
4th August 2022
Re/insurer Liberty Mutual Holding Company has fallen to a net loss of $343 million for the second-quarter of 2022 on the back of investment market volatility and elevated catastrophe losses. The Q2 2022 net loss compares with income of $769 million a year earlier, although the company's H1 2022 result was ... Read the full article