Reinsurance News
Liberty Mutual Insurance
Liberty Mutual’s Q1 net income dips as COVID-19 hits investments
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
Liberty Mutual sees larger COVID-19 impacts through its investments: CEO Long
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
Liberty Mutual names Pete D’Orsi Chief Data & Analytics Officer, GRS
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
Liberty Mutual Re names Dan Carroll as Senior Underwriter, Aviation Treaty
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
Liberty Mutual promotes Tracy Ryan to President of GRS, North America
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
LSM Bermuda promotes Tremblay to Chief Risk & Compliance Officer
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
Liberty Insurance to quit Irish commercial liability market
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
Liberty Specialty Markets creates new senior terrorism underwriting role
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
Liberty Mutual announces Chief Sustainability Officer & global coal policy
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
Liberty Mutual names Ben Beauvais as head of construction division
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
Liberty Mutual adds Libman to sharing economy, new mobility practice
21st November 2019
US primary insurer Liberty Mutual has appointed Max Libman as lead underwriting consultant within its sharing economy & new mobility practice. The practice combines Liberty's commercial and personal lines expertise to provide arange of solutions that help ride-hailing, vehicle-sharing, car subscription and autonomous vehicle companies better manage the unique risks they ... Read the full article
Liberty Mutual completes takeover of select AmTrust European businesses
3rd October 2019
Liberty Mutual Insurance has announced that it has completed the acquisition of the business and operations of certain European businesses of AmTrust Financial Services, following the satisfaction of customary closing conditions. Under the transaction, Liberty Mutual Insurance has acquired the operations of Nationale Borg, Nationale Borg Reinsurance, and AmTrust Insurance Spain. Read the full article
David Perez takes North American CUO role at Liberty Mutual’s GRS unit
11th September 2019
Liberty Mutual Insurance has announced the appointment of David Perez as Chief Underwriting Officer (CUO), North America for Global Risk Solutions (GRS). GRS is a Liberty Mutual business that focuses on global commercial and specialty lines of insurance and reinsurance. Perez has been with Liberty Mutual since 2012, most recently as Executive ... Read the full article
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