Reinsurance News
Liberty Mutual
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
Former Ironshore CEO Kevin Kelley to retire from Liberty Mutual
22nd November 2019
US primary insurer Liberty Mutual has announced that Kevin H. Kelley, vice chairman of Global Risk Solutions, will retire at the end of this year. Kelley has served at Liberty Mutual since its acquisition of Ironshore in 2017, a company he had helped build into the global excess and surplus specialty ... Read the full article
Liberty Mutual reports flat Q3, secures ADC with Berkshire’s NICO
7th November 2019
Liberty Mutual Holding Company Inc. and its subsidiaries produced net income from continuing operations of $274 million for the third-quarter of 2019, while the firm also announced a new adverse development cover (ADC) arrangement with Berkshire Hathaway's National Indemnity Company (NICO). For the first nine months of the year, Liberty Mutual's ... Read the full article
State Farm & Berkshire maintain status as top US P&C insurers
24th October 2019
State Farm and Berkshire Hathaway Specialty Insurance maintained their spots as the largest and second-largest U.S. Property and Casualty (P&C) writers in 2018, respectively, while Chubb INA Group entered the top ten. This is according to the Reinsurance News directory of the Top 100 U.S. P&C ... Read the full article
Liberty Mutual unit bolsters leadership team with CUO hires
22nd August 2019
US primary insurer Liberty Mutual has announced the appointments of Jon Tellekamp as Chief Underwriting Officer for National Insurance, Excess Casualty, and Doug Manwaring as CUO of National Insurance, Public Entities and Programs. Tellekamp, who has served at Liberty Mutual since 2005, has had roles of increasing responsibility in the energy ... Read the full article
Liberty adds Aon’s Douglas Schrift as CUO of SDI offering
20th August 2019
Liberty Mutual Surety, a business unit of US primary insurer Liberty Mutual, has appointed Douglas Schrift to develop the firm’s Subcontractor Default Insurance (SDI) offering as Chief Underwriting Officer. Schrift joins from Aon’s Construction Services Group SDI practice, where he served as Managing Director. Prior to that, he served as Vice President ... Read the full article
Liberty GTS names Jugdeep Singh as Head of Tax
14th August 2019
Liberty Global Transaction Solutions (GTS), a global, stand-alone unit of Liberty Mutual Insurance, has named Jugdeep Singh as Head of Tax, based in London. Singh will manage Liberty GTS' international tax liability insurance team for tax risks related to merger and acquisition (M&A) transactions, restructurings and other bespoke situations across the ... Read the full article
$82m Jebi loss creep drags down Liberty Mutual Q2 performance
8th August 2019
Liberty Mutual Holding Company and its subsidiaries has reported a Q2 net income of $399 million, a 59.3% drop from the $582 million reported in the prior year quarter. The company is being hit by what has been described by Chairman and Chief Executive Officer, David H. Long, as “unusual volatility ... Read the full article
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