Reinsurance News
Liberty Mutual
Liberty Specialty Markets appoints Niala Butt as Head of Casualty Claims, UK
2nd July 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Niala Butt as Head of Casualty Claims, UK, effective immediately, based in London. In her new role, she will report to Nik Mahida, Head of Third-party claims, UK & MENA, LSM. Butt will lead the casualty claims team, supporting ... Read the full article
Liberty GTS appoints Nicholas Lunn and Barbara Magni to regional leadership roles
2nd July 2025
Liberty Global Transaction Solutions (Liberty GTS), part of Liberty Mutual Insurance, has announced the appointments of Nicholas Lunn as Head of the UK, Central Eastern Europe, the Middle East, and Africa, and Barbara Magni as Head of Southern Europe. Both Lunn and Magni will report to Markus Messinger, Head of EMEA. In ... Read the full article
K2 Cyber & Liberty Mutual partner on cyber insurance for small & medium-sized organisations
26th June 2025
K2 Cyber, a K2 Insurance Services brand and the provider of Intelligent Cyber Insurance™, has entered a partnership with Liberty Mutual Insurance and its Ironshore programs group, to provide intelligent cyber insurance to small and medium-sized businesses. This program provides a holistic cyber solution, protecting both organisations and their owners and ... Read the full article
Liberty Specialty Markets restructures UK & MENA operations with new division leads
18th June 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property. This restructuring is part of an effort to adjust the delegated authority framework in response to shifting market ... Read the full article
Liberty Specialty Markets and Baobab Insurance launch E-Crime insurance for SMEs
17th March 2025
Liberty Specialty Markets (LSM), a division of Liberty Mutual Group, and Baobab Insurance, a digital technical risk underwriter, have partnered to introduce a new e-crime insurance product designed specifically for small and medium-sized enterprises (SMEs). Under the collaboration, LSM will provide capacity for the new product, while Baobab will handle operational ... Read the full article
Chubb to acquire Liberty Mutual’s P&C insurance operations in Thailand and Vietnam
3rd March 2025
Global insurance carrier Chubb Limited has entered into agreements to acquire LMG Insurance in Thailand and Liberty Insurance in Vietnam, Liberty Mutual’s property and casualty (P&C) insurance businesses in Thailand and Vietnam. The two companies being acquired by large insurer Chubb offer a range of consumer and commercial P&C products, including ... Read the full article
Liberty Mutual announces $2.8bn property cat occurrence reinsurance, $500m aggregate limit
28th January 2025
Insurer Liberty Mutual has $2.8 billion of property catastrophe occurrence reinsurance limit excess a $1 billion retention, with one reinstatement, for its domestic business as of January 1st, 2025, alongside some aggregate coverage, the company has announced. Liberty has disclosed its reinsurance coverage for its domestic business as of January 1 ... Read the full article
Liberty Mutual sees $892m net income in Q3, total CoR hits 96.7%
7th November 2024
Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries has posted a net income attributable to LMHC of $892 million for the third quarter of 2024, a notable shift from last year's income of $219 million, while also posting consolidated pre-tax net catastrophe losses of $1.1 billion in ... Read the full article
Liberty Mutual Reinsurance grows Agriculture and Parametrics team with Belin’s addition
4th November 2024
Liberty Mutual Reinsurance (LM Re), the reinsurance arm of Boston headquartered Liberty Mutual Insurance Group, has announced the appointment of Charlotte Belin as a Senior Underwriter within its Agriculture and Parametrics team. Belin, who will be based in Paris, brings over 13 years of industry experience to her new role, and ... Read the full article
Liberty Mutual estimates combined Helene and Milton losses of up to $900m
28th October 2024
The parent of the Liberty Mutual Insurance group of entities, Liberty Mutual Holding Company, Inc., has revealed that it expects losses related to hurricane Helene of approximately $550 million (pre-tax) in its third quarter results, and losses of between $250 million and $350 million for hurricane Milton, which are still ... Read the full article
Liberty Mutual’s net income climbs to $717m in Q2
8th August 2024
Liberty Mutual Holding Company Inc. (LMHC) has posted a net income of $717 million for the second quarter of 2024, up substantially from the net loss attributable to LMHC of $585 million in the same period in 2023. At the same time, the organisation posted a 3.3% decrease in net written ... Read the full article
Julie Haase to succeed Chris Peirce as Liberty Mutual EVP and CFO
25th July 2024
Liberty Mutual Insurance has announced the appointment of Julie Haase as Executive Vice President and Chief Financial Officer, effective Jan 1, 2025. She will be taking over the role from Chris Peirce, the company’s current EVP and CFO, as he is to retire at the end of 2024. With this appointment, Haase ... Read the full article
LM Re appoints Mark De La Mare as Head of Australia and New Zealand
18th July 2024
LM Re, the reinsurance arm of Liberty Mutual, has appointed Mark De La Mare to the role of Head of Australia and New Zealand, effective October 2024. De La Mare, who will report to James Green, Head of Property, London, and John McCabe, Chief Operating Officer, Asia Pacific, will be leading ... Read the full article
Miller appoints Kazuhiko Shinkai as Head of Non-Marine Japan Strategy
1st July 2024
Miller, an independent specialist (re)insurance broker, has announced Kazuhiko Shinkai's appointment as Head of Miller Non-Marine Japan Strategy, enhancing their Japanese operations through Lead Insurance Services Limited. Starting on July 1, 2024, Shinkai will manage Miller's Japanese operations and lead the expansion of the non-marine sector locally. Japan is a key growth ... Read the full article
Liberty Mutual sees big net income improvement in Q1’24, CR hits 95.8%
9th May 2024
Liberty Mutual Holding Company Inc., (LMHC) and its subsidiaries have posted a net income attributable to LMHC of $1.535 billion for the first quarter of 2024. The reported Q1 net income compares to a net loss attributable to LMHC of $74 million that was posted in the same ... Read the full article
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