Reinsurance News

Liberty Mutual Insurance

Liberty Specialty Markets names Antoine Brodu Head of Financial Lines, France

29th August 2019

Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has appointed Antoine Brodu as Head of Financial Lines, France. Brodu's appointment is effective immediately and he joins the firm from AIG France, where he worked for 13 years, most recently as Client Director, Major Accounts. General Manager at Liberty Specialty Markets ... Read the full article

Liberty Specialty bolsters FRS Multi-Buyer Trade Credit practice

16th August 2019

Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance, has announced that James Goodliffe has joined the firm's Financial Risk Solutions (FRS) Multi-Buyer Trade Credit practice as Senior Underwriting Officer. In his new role, Goodliffe will be responsible for credit and transaction underwriting, portfolio and client relationship management, negotiation and ... Read the full article

Liberty GTS names Jugdeep Singh as Head of Tax

14th August 2019

Liberty Global Transaction Solutions (GTS), a global, stand-alone unit of Liberty Mutual Insurance, has named Jugdeep Singh as Head of Tax, based in London. Singh will manage Liberty GTS' international tax liability insurance team for tax risks related to merger and acquisition (M&A) transactions, restructurings and other bespoke situations across the ... Read the full article

$82m Jebi loss creep drags down Liberty Mutual Q2 performance

8th August 2019

Liberty Mutual Holding Company and its subsidiaries has reported a Q2 net income of $399 million, a 59.3% drop from the $582 million reported in the prior year quarter. The company is being hit by what has been described by Chairman and Chief Executive Officer, David H. Long, as “unusual volatility ... Read the full article

Liberty Specialty Markets names Jon Rigby Chief Cyber Officer

22nd July 2019

Liberty Mutual Insurance Group subsidiary, Liberty Specialty Markets (LSM), has named Jon Rigby as Chief Cyber Officer, reporting to Peter Smith, Executive Underwriting Officer. His appointment is effective immediately and in his new role, Rigby, a cyber security expert, will be based in London. For more than 33 years he served in ... Read the full article

Liberty Specialty Markets appoints Steve McMurray CFO

10th June 2019

Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has named Steve McMurray as its new Chief Financial Officer (CFO), effective immediately. Prior to joining Liberty Specialty Markets, McMurray was CFO for global brokerage BGC Partners Inc. He brings extensive experience across multiple industries to the role, and previously spent ... Read the full article

Liberty Specialty appoints new Claims Manager for Energy, Property and Construction

9th May 2019

Gavin Coley has joined Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, as Claims Manager - Energy, Property and Construction, effective immediately. Coley joins LSM from Neon Underwriting, where he was Technical Head of Claims for two years, contributing to the delivery and implementation of the company's claims ... Read the full article

Liberty Mutual elects Jay Hooley to Board of Directors

23rd April 2019

Liberty Mutual Insurance has announced that Jay Hooley has been elected to the company’s Board of Directors. Hooley is the Chairman and former Chief Executive Officer (CEO) of State Street Corporation, the U.S financial services and bank holding company. As former CEO of State Street, Hooley was responsible for leading a company ... Read the full article

Silvestre promoted to Deputy General Manager for France, Liberty Specialty Markets

18th April 2019

A division of Liberty Mutual Insurance Group, Liberty Specialty Markets has announced the promotion of Emmanuel Silvestre to Deputy General Manager of its French business. Silvestre will be based in Paris and will report to General Manager for France, Richard Deguettes. He will also retain his responsibilities as Continental Europe Underwriting ... Read the full article

Liberty Mutual acquires AmTrust’s global surety and credit reinsurance operations

15th April 2019

Liberty Mutual Insurance is to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc., subject to regulatory approvals and customary closing conditions. The definitive agreement between the two firms sees Liberty Mutual Insurance acquire four AmTrust businesses: AmTrust Surety; AmTrust Insurance Span; Nationale Borg; and Nationale Borg ... Read the full article

Liberty Mutual adds Janelle Edem as Chief of Staff

9th April 2019

U.S primary insurer Liberty Mutual has announced the appointment of Janelle Edem as Chief of Staff, Global Risk Solutions (GRS). Edem will report to the President of GRS Dennis Langwell and be tasked with organising and driving forward critical strategic issues to facilitate efficient decision making for the unit’s executive office. GRS ... Read the full article

Pembroke & Ironshore sale removes business overlap, says Liberty Mutual

18th March 2019

Liberty Mutual has said that its decision to sell Pembroke Managing Agency Limited and Ironshore Europe DAC (IEDAC) to Hamilton Insurance Group, Ltd. will remove business overlap resulting from its 2017 acquisition of Ironshore. The transaction, which was announced on March 14, will see Hamilton take over the Pembroke platform ... Read the full article

Liberty Mutual Re hires Uwe Haug from Hannover Re

7th January 2019

Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has appointed Uwe Haug as Head of Underwriting Strategy and Business Development for its global financial risks reinsurance business. Haug spent the previous two decades at Hannover Re, most recently leading its global specialty portfolio as General Manager for Northern, ... Read the full article

Liberty Mutual restructures excess casualty operations, increases capacity

22nd November 2018

U.S primary insurer Liberty Mutual Insurance has realigned its excess casualty operations and increased its capacity for the business to $100 million. Effective from 1 January 2019, the company’s excess casualty capabilities will benefit from dedicated underwriting teams on both an admitted and excess and surplus (E&S) basis. All admitted excess casualty ... Read the full article

Liberty Mutual partners with OPIC on $1bn investment program

14th November 2018

Liberty Mutual Insurance has partnered with the Overseas Private Investment Corporation (OPIC), the U.S government’s development finance institution, on the launch of a $1 billion risk-sharing agreement to facilitate private sector investment in developing markets. This partnership represents OPIC’s first agreement with a U.S owned insurance company to share credit risk ... Read the full article