Reinsurance News
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
10th July 2020
Liberty Specialty Markets, a division of insurer and reinsurer Liberty Mutual Insurance Group, has promoted Melanie O'Neill to Chief Underwriting Officer (CUO) of its Commercial arm. O'Neill previously served as Head of Professional Lines at the company and takes up her new role with immediate effect. She takes over as CUO of ... Read the full article
21st May 2020
Liberty Mutual Insurance has announced that David Perez has been appointed as Chief Underwriting Officer (CUO) for its Global Risk Solutions (GRS) division. Perez takes over from James Slaughter, who has decided to leave the company effective June 30th, 2020. As CUO of Liberty Mutual's global commercial and specialty lines insurer and ... Read the full article
20th May 2020
Liberty Mutual Insurance's commercial property claims unit has expanded on the technology it uses to inspect and estimate commercial property claims remotely. This move is in response to the need for physical distancing and in anticipation of what is predicted to be a greater than normal Atlantic hurricane season. The unit introduced ... Read the full article
14th May 2020
Liberty Mutual Insurance has reported a 22.4% decline in net income for the first-quarter of 2020 to $519 million, as COVID-19 related financial market volatility adversely impacted the company's investment portfolio in the period. Net income fell by $150 million from the $699 million recorded in the first-quarter of 2019, as ... Read the full article
28th April 2020
David Long, the Chairman and Chief Executive Officer (CEO) of Liberty Mutual Holding Company, Inc., expects the financial impact from the ongoing COVID-19 pandemic on the firm's re/insurance operations to be similar to a moderately sized catastrophe loss. In an announcement, the CEO of Liberty Mutual Holding Company, which is the ... Read the full article
23rd April 2020
The commercial and specialty insurance and reinsurance division of Liberty Mutual Insurance, Global Risk Solutions (GRS), has appointed Pete D'Orsi to the newly created position of Chief Data and Analytics Officer. In his new role, D'Orsi will report to GRS Chief Underwriting Officer (CUO), James Slaughter. He will partner with primary, ... Read the full article
16th March 2020
Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance, has announced the appointment of Dan Carroll as Senior Underwriter, Aviation Treaty Reinsurance. Based in London, Carroll reports to Hans Towler, Head of Aviation, and takes up his new role effective immediately. In this role, Carroll takes responsibility for underwriting as well ... Read the full article
31st January 2020
Liberty Mutual Insurance has announced the appointment of Tracy Ryan to President of Global Risk Solutions (GRS) North America. Ryan has been with the company for 25 years and has held numerous leadership roles during this time. Most recently, she served as Executive Vice President and Chief Claims Officer for GRS. In ... Read the full article
24th January 2020
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has promoted Snjezana Tremblay to Chief Risk & Compliance Officer in Bermuda. Since October 2018, Tremblay has served as Transformation Strategy and Risk Manager, Global Risk Solutions (GRS) Transformation office at Liberty Mutual Insurance. She joined Liberty Mutual after more than ... Read the full article
16th January 2020
Liberty Insurance is set to withdraw from the commercial liability, commercial property and development bonds markets in Ireland, according to reports from RTE. The company said the decision would enable it to focus on developing products and lines of business that fit better with its wider business objectives. Changes are due to ... Read the full article
18th December 2019
Liberty Specialty Markets has appointed Jennifer Rubin to a newly created position as Senior Underwriting Executive and Head of Terrorism Underwriting in North America. In this role, Rubin will be based in New York and takes up the position effective immediately. She will report to Alex Montoya, President of US, Bermuda ... Read the full article
17th December 2019
Liberty Mutual Insurance has announced the appointment of Francis Hyatt as its first Chief Sustainability Officer, and has also revealed a new global policy on coal underwriting and investing. The Boston, Massachusetts headquartered firm has appointed long-term company leader Hyatt in this role to further enhance its continued focus on environmental, ... Read the full article
5th December 2019
Liberty Mutual Insurance has announced the appointment of Ben Beauvais as Construction Executive, Distribution, for Global Risk Solutions (GRS). GRS is Liberty Mutual’s global commercial and specialty lines re/insurer, and provides a range of traditional insurance, specialty and reinsurance risk solutions. In his newly created position, Beauvais will be required to reach ... Read the full article
