Reinsurance News
Liberty Mutual
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
Generali completes acquisition of Liberty Seguros
2nd February 2024
Italy-headquartered insurer Generali has completed the acquisition of Liberty Seguros, Compañia de Seguros y Reaseguros, S.A., from Liberty Mutual Insurance The transaction was originally announced on June 15, 2023, and it represents Generali's largest transaction in ten years. It was reported that Liberty Mutual would sell its personal lines and small ... Read the full article
Liberty Mutual sees $219 million net income in Q3’23
9th November 2023
Liberty Mutual Holding Company and its subsidiaries (LMHC) have reported their results for the three and nine months ended September 30, 2023, posting a net income attributable to LMHC of $219 million and loss of $441 million for Q3'23 & 9M'23, compared to net loss’ attributable to LMHC of $353 ... Read the full article
Liberty Mutual Re appoints Alex Koh as Senior Underwriter
11th October 2023
Liberty Mutual Reinsurance, a subsidiary of Liberty Mutual Insurance Group, has appointed Alex Koh as Senior Underwriter, effective immediately, based in Singapore and reporting to Annie Leong, Regional Underwriting Manager. Koh’s remit in the role will include being responsible for maintaining and expanding the company’s existing reinsurance portfolio in the region. Leong ... Read the full article
Liberty Mutual sees $585m net loss in Q2, cat losses more than double to $2.27 billion
10th August 2023
Liberty Mutual Holding Company and its subsidiaries (LMHC) have reported their results for the second quarter of 2023 and the first half of 2023, posting a net loss attributable to LMHC of $585 million and $660 million for Q223 & H123, compared to net loss' attributable to LMHC of $343 ... Read the full article
Senate Budget Committee launches investigation into insurance companies’ climate risk evaluation, fossil fuel support
12th June 2023
The Senate Budget Committee, led by Senator Whitehouse (D-RI), alongside Senators Wyden (D-OR) and Sanders (I-VT), initiated an investigation into the evaluation of climate-related risks by major U.S. insurance companies. The committee seeks to understand why these companies continue to support and underwrite fossil fuel expansion projects that contribute to climate ... Read the full article
Talanx Group to acquire LatAm businesses of Liberty Mutual in €1.38bn deal
30th May 2023
Germany’s Talanx Group is set to become the third-largest P&C insurer in Latin America after acquiring a number of Liberty Mutual’s businesses in Brazil, Chile, Colombia, and Ecuador, through its subsidiary HDI International. The purchase price is expected to be around €1.38 billion at the closing date of the transaction, which ... Read the full article
Liberty Mutual falls to Q1 loss of $74 million as catastrophes take heavy toll
11th May 2023
Liberty Mutual Holding Company has reported a net loss of $74 million in Q1 of 2023, which the firm's CEO attributes primarily to "elevated catastrophe losses largely driven by severe weather storms across the Midwest." The reported Q1 net loss compares to a net income attributable to Liberty Mutual of $498 ... Read the full article
Liberty Mutual sees dip in net income in Q4 results
23rd February 2023
Liberty Mutual Holding Company Inc., (LMHC) and its subsidiaries has reported net income attributable to LMHC of $612 million for the fourth quarter of 2022, a 15.2% decrease from $722 million from the prior year quarter. Net written premium (NWP) for the quarter was $11.524 billion, representing a 4.5% rise from $11.028 billion ... Read the full article
International Captive Exchange becomes MGU for Liberty Mutual
11th January 2023
International Captive Exchange (ICE), a Health In Tech, Inc. company, has entered into an agreement to serve as the Managing General Underwriting (MGU) for Liberty Mutual Insurance in a program providing employer stop-loss insurance. Under the agreement, ICE will solicit, underwrite, bind, and issue such policies on behalf of Liberty Mutual. Tim ... Read the full article
Liberty Mutual appoints Maria Grace as global product leader for property
29th November 2022
Liberty Mutual Insurance has appointed Maria Grace as its global product leader for property. Grace is set to begin in the role at the beginning of January and will report to Matthew Moore, Global Risk Solutions (GRS) president of underwriting. She will be responsible for the profit and loss of property ... Read the full article
Liberty Mutual Re promotes Gilardi to Head of International Treaty Casualty
25th November 2022
Liberty Mutual Reinsurance has promoted Vincent Gilardi to Head of International Treaty Casualty. Within this role, Gilardi will lead all casualty reinsurance international business for Liberty Mutual Re Gilardi joined Liberty Mutual Re in 2019 where he was appointed as a Senior Underwriter for International Casualty. Prior to joining Liberty Mutual Re, Gilardi ... Read the full article
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