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Liberty Mutual Insurance

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

Liberty Mutual announces strategic review of Pembroke unit

18th October 2018

Liberty Mutual Insurance has announced that it plans to conduct a strategic review of its subsidiary Pembroke Managing Agency Limited, which it acquired through the purchase of Ironshore in May 2017. The company said that it had retained investment banking firm Evercore to serve as its adviser through the process, ... Read the full article

Liberty Mutual launches financial risk solutions unit

11th October 2018

U.S primary insurer Liberty Mutual has announced the launch of Financial Risk Solutions, a new unit formed of credit and political risk experts from Liberty Specialty Markets and Ironshore. The new unit, based in London, is led by Peter Sprent, Head of Financial Risk Solutions, LSM. “The creation of Financial Risk Solutions ... Read the full article

Liberty Specialty names Head of Underwriting, Delegated Authority, Specialty lines

14th September 2018

Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has announced the hiring of Lewis Edwards as Head of Underwriting, Delegated Authority for Specialty lines. Edwards joins the firm on September 17th, 2018 and will report to Liberty Specialty Market's Chief Underwriting Officer (CUO), Specialty, Mike Gosselin. In his new role, ... Read the full article

Liberty Specialty names Ronan Gerety General Manager of Insurance, Germany

7th September 2018

Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has named Ronan Gerety as General Manager, Insurance, Germany, based in Cologne. Gerety has more than 30 years of experience in the insurance industry, and joins the firm from Ironshore International, where he was Head of Continental European distribution since 2016. ... Read the full article

Rebranded Liberty reinsurance division launches Italian operation

3rd July 2018

Liberty Specialty Markets (LSM), the London headquartered unit of Liberty Mutual Insurance Group, has rebranded its reinsurance division as Liberty Mutual Re and launched a reinsurance operation in Italy for the first time. The rebrand applies to all aspects of LSM’s reinsurance division, which comprises 180 people in 14 locations. Liberty Mutual ... Read the full article

Liberty Mutual in new $278mn Limestone Re collateralised reinsurance deal

29th June 2018

U.S primary insurer Liberty Mutual has secured $278 million of collateralised reinsurance for its U.S property catastrophe program through a new transaction with Limestone Re, a Bermuda domiciled segregated account company. Acting as a sidecar vehicle for Liberty Mutual, Limestone Re issued a series of participating notes to investors in a ... Read the full article

Liberty Mutual appoints Shaun Kelly and Matthew Dolan to new leadership roles

20th June 2018

Liberty Mutual has appointed Shaun E. Kelly as President of Distribution for Global Risk Solutions (GRS) and Matthew Dolan as President of North America Specialty. Kelly will now be responsible for leading the distribution and marketing of GRS’s globally-diversified commercial and specialty insurance and reinsurance product portfolio. He brings more than 30 ... Read the full article

LSM introduces Intellectual Property cover for business contracts

2nd May 2018

Liberty Specialty Markets (LSM), a branch of Liberty Mutual Insurance, has developed a new global product that aims to streamline contract negotiations between businesses by covering Intellectual Property (IP) infringement risks. LSM’s new Intellectual Property Contractual Liability Insurance is designed to provide a solution to IP indemnification issues that could potentially ... Read the full article

Liberty announces German Fine Art and Specie, names Senior Underwriter

18th April 2018

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced that it will begin underwriting Fine Art and Specie in Germany, and has appointed Ulrike Janvier as Senior Underwriter, Fine Art and Specie. LSM’s expansion into the German market follows its Fine Art and Specie launches in Netherlands and ... Read the full article

Richard Deguettes joins Liberty Specialty Markets from AIG as General Manager for France

16th April 2018

Liberty Specialty Markets, part of Liberty Mutual Insurance, has named Richard Deguettes as General Manager for France, effective mid-May 2018 and reporting to the firm's Head of Europe, Kadidja Sinz. Deguettes will be based in Paris, France, and brings 25 years of industry experience to the role. He joins Liberty Specialty ... Read the full article

Liberty Mutual names Eman Securities & DP Jindal Group as new India partners

20th March 2018

Liberty Mutual Insurance has grown its insurance joint venture in India with Eman Securities and DP Jindal Group as new joint venture partners for its India promotion, set to replace Videocon Industries. The new partnership aims to expand and fortify the company’s position as one of the fastest growing general insurance ... Read the full article

Liberty appoints Shelia Anderson to Corporate Functions Chief Information Officer

7th March 2018

​​​​​​Liberty Mutual Insurance has appointed Shelia Anderson to the newly created role of Corporate Functions Chief Information Officer (CIO), reporting to Liberty Mutual’s Executive Vice President and Chief Information Officer, James McGlennon. In her Boston-based role, Anderson will focus on customer success for the corporate functions department, B2B architecture, and modernizing ... Read the full article

Liberty restructures global risk, reinsurance, and specialty operations

1st March 2018

Liberty Mutual has announced the operating structure of its recently formed Global Risk Solutions business, which will consist of specialty, reinsurance, and surety operations. The businesses included in the new arrangement are National Insurance, Global Surety, North American Specialty, and Liberty Specialty Markets (LSM). LSM is to operate all of Liberty’s reinsurance ... Read the full article

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