Liberty Mutual
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Liberty Mutual has between four and six interested parties conducting due diligence on the Lloyd’s business.
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The EEA hub will be led by former Fortis executive Dirk Billemon.
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The carrier predicts significantly higher retro rates at the 1 January renewals.
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Iron-Starr Excess Agency CEO Steve Horton will lead Liberty Specialty Markets Bermuda.
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Other significant reductions in this publication’s running SBF approval tally include Aspen 4711, Markel 3000 and Hiscox 33.
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The carrier splits out admitted from non-admitted casualty business.
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Underwriting manager Richard Whelan will relocate to Liberty Specialty Market’s London headquarters.
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The changes are meant to improve broker access to commercial and specialty products.
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Bragg brings almost 50 years of experience to Liberty Specialty Markets.
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Four executives were added to an innovation team overseen by Chief Information Officer James McGlennon.
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Figures show the two carriers hold almost a quarter of the market.