Reinsurance News
Liberty Mutual
Liberty Mutual and SafeButler partner to offer instant renters insurance
11th September 2020
Liberty Mutual has partnered with insurance comparison site SafeButler to provide instant access to comprehensive renters insurance plans. Liberty Mutual's API has been integrated into SafeButler's website and will instantly return a guaranteed renters insurance quote that will remain valid for 30 days. The coverage and cost to the consumer are no ... Read the full article
Liberty Specialty Markets adds two underwriters to Casualty team
25th August 2020
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has announced the appointments of Jonathan Powell and David Bramall as underwriters within its Casualty team, effective immediately. Powell joins LSM as Senior Underwriter for the US book of business, and will report to Phil Stephenson, Senior Underwriter, Excess Casualty. He ... Read the full article
Climate data start-up Jupiter raises capital from Liberty Mutual, MS&AD
3rd August 2020
Jupiter, a provider of predictive data and analytics for climate risk, has raised additional capital from P&C insurers Liberty Mutual and MS&AD, as well as from SYSTEMIQ, which specialises in sustainable economic systems. Jupiter plans to use the new capital to fuel the expansion of its operations and increase product development. "In ... Read the full article
SRL makes rating adjustments for Lloyd’s syndicates 4472, 2003
27th July 2020
Syndicate Research Limited (SRL) has provided rating adjustments for Liberty Mutual-owned Lloyd’s syndicate 4472 and AXA’s syndicate 2003. Syndicate 4472 is ultimately 100% backed by Liberty Mutual and with a 2020 capacity of £1.1bn, writes an Excess of Loss-orientated account. SRL has affirmed the syndicate’s B+^ (Above Average) Continuity Opinion, while its ... Read the full article
Liberty Mutual appoints Janelle Edem SVP, Global Risk Solutions
13th July 2020
U.S primary insurer Liberty Mutual has announced the appointment of Janelle Edem Senior Vice President of Global Risk Solutions (GRS), its global commercial and specialty lines re/insurer. Reporting to GRS President Dennis Langwell, Edem will lead GRS’ strategic planning and process excellence work. She will also continue to serve as GRS Chief ... Read the full article
Liberty Specialty Markets appoints Casualty Manager for Continental Europe
16th April 2020
Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has announced the appointment of Katja Bobrowski to the newly created position of Casualty Manager, Continental Europe. Based in Cologne, Bobrowski will report to Head of Liberty Specialty Markets Central Region, Kadidja Sinz. In her new role, she takes responsibility for developing ... Read the full article
Liberty Mutual Re promotes Londoño to General Manager Colombia
10th March 2020
Liberty Mutual Re, the reinsurance arm of Liberty Mutual Insurance Group, has announced the promotion of Juan Felipe Londoño to General Manager Colombia, reporting to Miguel Martinez-Alvarez, Head of Business Development & Latin America. Londoño's promotion is effective immediately and sees him take responsibility for the Andean Region and Panama. He replaces ... Read the full article
Liberty Mutual partners with Ford on connected vehicle insurance
2nd March 2020
Liberty Mutual Insurance has partnered with Ford to offer potential insurance discounts for customers driving Ford connected vehicles. This new agreement is part of Liberty Mutual's broader Mobility initiative, and will enable the evaluation of a customer's driving behaviour through FordPass Connect, thereby eliminating the need for a plug-in device. "Liberty is ... Read the full article
Q4 loss weighs on Liberty Mutual’s 2019 income
27th February 2020
Liberty Mutual Holding Company Inc. (LMHC) and its subsidiaries reported a 51.7% decrease in net income over 2019, weighed down by a net loss of $300 million during the fourth quarter of the year. The company’s net income was $1.04 billion in 2019, versus $2.160 billion in the previous year. Q4 ... Read the full article
Liberty Mutual appoints Edward Peña as Treasurer
18th February 2020
The Board of Directors of Liberty Mutual Insurance has announced the appointment of Edward Peña as Senior Vice President and Treasurer. He will take over the role from Laurance H.S. Yahia, who has served as Senior Vice President and Treasurer since 2003, but who will retire on April 3, 2020. Peña joined ... Read the full article
Liberty Mutual Re adds treaty underwriter in Brazil
10th February 2020
Liberty Mutual Reinsurance, the reinsurance arm of Liberty Mutual Insurance Group, has announced the appointment of Lucas Pimentel as a Treaty Class Underwriter in its Rio de Janeiro, Brazil office. Pimentel brings a decade of industry experience to Liberty Mutual Re. Most recently, he served as Latin America Property and Casualty ... Read the full article
Liberty Mutual names Practice Leader for Private Equity and M&A
13th January 2020
Liberty Mutual Insurance has announced the appointment of Amy Gross to the newly created role of Practice Leader, Private Equity and Mergers & Acquisitions (M&A). In this role, she will collaborate with teams across Liberty Mutual’s Global Risk Solutions (GRS) division to drive growth in this segment. Gross has 15 years of ... Read the full article
Liberty Mutual’s Helmsman completes purchase of Eberle Vivian
13th January 2020
Helmsman Management Services (HMS), the third-party administrator wholly owned by Liberty Mutual, has completed its previously announced acquisition of Eberle Vivian Inc. Eberle Vivian is a third-party administrator (TPA) serving the Pacific Northwest region in the US. “The acquisition – and the continuation of the strong Eberle Vivian brand as an operating ... Read the full article
Uber selects Liberty Mutual to cover drivers in US states & Puerto Rico
2nd January 2020
Ridesharing company Uber has selected Liberty Mutual Insurance to provide coverage for its drivers and passengers throughout New England, South Carolina, and Puerto Rico as part of its 2020 auto insurance programs. Under the program, Liberty Mutual will provide specific coverages from the time drivers open the Uber app through to ... Read the full article
Liberty Mutual sells Russian subsidiary to Sovcombank
27th December 2019
Liberty Mutual Group has agreed to sell its Russian subsidiary, Liberty Insurance PJSC, to Sovcombank, one of the largest privately owned banks in the country. The transaction is expected to close in the first quarter of 2020, after which the Russian subsidiary will be renamed, Liberty explained. Currently, the deal remains subject ... Read the full article
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