Reinsurance News
14th September 2021
Liberty Mutual Insurance has announced a new climate commitment to reduce its Scope 1 and 2 global greenhouse gas (GHG) emissions by 50% from its 2019 levels by 2030. To reach these goals, the company plans to decrease its operational carbon footprint by taking actions to increase operational efficiencies and identifying ... Read the full article
2nd August 2021
Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, has announced a suite of team changes in Europe, Middle East, and Africa (EMEA). Daniel Müller has been appointed as Co-Head of Germany, Austria and Switzerland (DACH). He has been with Liberty Mutual for the last five years, holding a range ... Read the full article
30th July 2021
Liberty Mutual Insurance has appointed Hamid Mirza as President and Chief Operating Officer, Global Retail Markets US. It's hoped he'll drive profitability and growth to an organisation that provides solutions to clients across personal lines in the US. Mirza joined Liberty Mutual in 2009 and most recently served as GRM Executive Vice President, ... Read the full article
21st July 2021
Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has today announced the appointment of Hetul Patel as Chief Actuary, Reinsurance, effective immediately. In his new role, Patel takes on responsibility for driving actuarial insights to aid the reinsurer in meeting its strategic targets. He is set to lead the ... Read the full article
20th July 2021
U.S primary insurer Liberty Mutual Insurance has applied for regulatory approval to acquire Malaysian insurer, AmGeneral Insurance Berhad (AmGeneral). AmBank Group currently owns 51% of AmGeneral, with the other 49% owned by Insurance Australia Group (IAG). Liberty Insurance Berhad expects to acquire 100% shares of AmGeneral, and AmBank Group's share of the ... Read the full article
22nd June 2021
U.S primary insurer Liberty Mutual Insurance has made four key executive leadership appointments. Tim Sweeney has been appointed as President, Liberty Mutual, overseeing Global Risk Solutions, Global Retail Markets and Liberty Mutual Investments, the company's three business units. Sweeney, who was previously President, Global Retail Markets will report to Chairman and Chief ... Read the full article
18th May 2021
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has named Christoph Paeßens, formerly of AXA XL Germany, as Professional Indemnity (PI) Underwriting Manager for Germany, effective immediately. In his new role, Paeßens will be based in Cologne, Germany, reporting to Interim Country Manager Angelika Gasser, and Head of PI for ... Read the full article
30th April 2021
U.S primary insurer Liberty Mutual Insurance has appointed George Serafeim to its board of directors. Sarafeim is a Charles M. Williams professor of business administration at Harvard Business School and senior partner and co-founder of the global sustainable business consulting firm KKS Advisors. He brings a wealth of experience in accounting, finance ... Read the full article
14th April 2021
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Jane Warren as Active Underwriter, effective immediately. Based in London, Warren reports to Phil Hobbs, Deputy Managing Director and Chief Underwriting Officer (CUO) for LSM. She brings over 20 years’ experience in the insurance industry, joining Liberty in 2019 from ... Read the full article
14th January 2021
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has unveiled Lesley Harding as its new Global Head of Energy, effective immediately. Based in the company's London office, Harding reports to Michael Gosselin, Chief Underwriting Officer (CUO), Specialty. In her new role, she takes on responsibility for the firm's global ... Read the full article
22nd December 2020
U.S primary insurer Liberty Mutual has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI). Liberty Mutual is the first US Property and Casualty insurer to join the international network of institutional investors committed to including ESG factors in their investment decision making. Liberty Mutual Chief Investment Officer Neeti ... Read the full article
7th December 2020
Legacy acquirer Enstar Group Limited has entered into a new reinsurance deal with Liberty Mutual Insurance Europe SE (LMIE) that will see it assume approximately $420 million of legacy business. Under the terms of the agreement, Enstar will reinsure a number of insurance portfolios that were previously written out of LMIE’s ... Read the full article
5th November 2020
Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries today reported a 46% rise in net income for the third-quarter of 2020 to $397 million, despite a significant increase in quarterly catastrophe losses, year-on-year, to $980 million. For the quarter, net income jumped from the $125 million reported for the second-quarter ... Read the full article
5th October 2020
Global insurer, Liberty Mutual Insurance has announced that it has been selected by rideshare provider, Lyft, to provide cover for its drivers using its rideshare platforms, effective today. Under the program, Liberty Mutual provides specific coverages for drivers in Arizona, Michigan, New Mexico, Texas and Utah, and will cover from the ... Read the full article
6th August 2020
Liberty Mutual Holding Company Inc. has recorded a net loss of $320 million for the second-quarter of 2020 amid elevated catastrophe losses and significant impacts from the ongoing COVID-19 crisis. All in all, Liberty Mutual's catastrophe losses jumped by a substantial $384 million from the second-quarter of 2019 to $878 million, ... Read the full article
