Liberty Mutual
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Owen takes over from Peter Sprent who is leaving the carrier at the end of March to pursue personal interests. -
The Boston-headquartered mutual is understood to have recently pitched potential acquirers of the LatAm assets.
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Melanie O’Neill was previously CUO of LSM’s commercial business and takes over her new specialty responsibilities from Mike Gosselin.
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The role is part of Liberty’s recently launched digital strategy function.
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The pub group and bakery chain will dispute elements of judgements issued in October in UK Covid-related BI lawsuits.
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The carrier is reportedly looking to sell its operations in Spain, Portugal and Ireland.
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The appointment completes the CUO team at Liberty Mutual’s Global Risk Solutions office of underwriting.
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The platform will automate a range of processes across risk submission, risk appetite evaluation, underwriting and pricing for quotation, using a lead algorithm.
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Mike Gosselin has spent 21 years at Liberty Specialty Markets, most recently as CUO for specialty lines.
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Martin Vince replaces Laura Burns, who was recently appointed head of client management at LSM.
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Many policyholders are likely to receive larger payouts following the judgement, but a worst-case scenario has been averted.
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Stonegate’s case is seen in the market as a key precedent for the aggregation of BI claims.
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