Liberty Mutual
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The two Asian companies wrote $265mn net premiums in 2024. -
Last month, MGA Acquinex’s 20+ transactional risk team resigned for roles at Howden-owned MGA Dual.
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Insurers have paid $6.9bn in Southern California wildfire claims in the first four weeks of recovery.
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The offering will provide D&O, professional indemnity/errors and omissions, crime and cyber cover.
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The court will consider appeals against initial judgments that found in policyholders’ favour.
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Alex Nelson will work as head of power and renewable energy at the carrier.
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Liberty Mutual expects $550mn in Helene losses versus Milton’s $250mn-$350mn.
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She replaces interim COO Kirk Maddern, who retires at the end of the year.
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Sources said LSM head of third party in Miami Humberto Pozo will serve as interim head of distribution.
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The LSM London COO and London reinsurance COO are due to depart.
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The executive has spent 35 years in the London market.
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