Reinsurance News
Liberty Mutual Insurance
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
Liberty Specialty to expand French team & broaden product line
12th February 2018
Liberty Specialty Markets, a division of Liberty Mutual Insurance, has announced plans to grow the size of its French team and broaden the range of product lines underwritten by the unit, as well as plans to make a number of investments in its French business. Liberty Specialty Market's Head of Continental ... Read the full article
Talanx to acquire Liberty Mutual’s Turkish non-life insurer
24th January 2018
The parent company of reinsurance giant Hannover Re, Talanx Group, has agreed to acquire 99.4% of the shares in Liberty Sigorta A.S., Liberty Mutual Group's Turkish non-life subsidiary. The transaction enables Talanx to strengthen its presence in the Turkish marketplace, which is one of its core markets, and is expected to close ... Read the full article
LSM names Renske Franke-le-Clercq as Head of European Commercial & Specialty Claims
12th January 2018
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has named Renske Franken-le-Clercq as Head of European Claims for Commercial and Specialty business. Based in The Hague, Renske will join LSM’s claims leadership team reporting to Mike Gillett, Head of Claims for LSM, and to Kadidja Sinz, Head of Europe ... Read the full article
Liberty Specialty Markets to move insurance headquarters to Luxembourg
11th December 2017
Liberty Specialty Markets (LSM), has revealed plans to move its insurance headquarters from the UK to Luxembourg, while maintaining a substantial London presence through a UK branch. LSM said the decision was taken in preference to setting up a separate insurance company. LSM’s President & Managing Director Matthew Moore, said; “the structure that ... Read the full article