Reinsurance News
Liberty Mutual
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
Liberty Mutual announces Chief Sustainability Officer & global coal policy
17th December 2019
Liberty Mutual Insurance has announced the appointment of Francis Hyatt as its first Chief Sustainability Officer, and has also revealed a new global policy on coal underwriting and investing. The Boston, Massachusetts headquartered firm has appointed long-term company leader Hyatt in this role to further enhance its continued focus on environmental, ... Read the full article
Liberty Mutual taps big data via new insurtech partnership
9th December 2019
Liberty Mutual’s National Insurance operation has announced that it plans to harness big data capabilities via a new partnership with Intellect SEEC, the insurance software division of fintech firm Intellect Design Arena. Through this relationship, Liberty Mutual underwriters and risk managers will gain automated access to thousands of third-party data sources, ... Read the full article
Liberty Mutual Surety names Stéphane Lizeray department head
3rd December 2019
Liberty Mutual Surety and Liberty Specialty Markets, both subsidiaries of Liberty Mutual Insurance Group, have named Stéphane Lizeray as head of surety department, France with immediate effect. Lizeray joins from Zurich’s Paris office having most recently served as senior surety underwriter. Prior to that, he worked as a credit analyst at Euler ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
