Liberty Mutual
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Liberty recently restructured its UK and MENA underwriting leadership. -
Executives also agreed that facilitisation is a structural market change.
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Ed Louth will join Liberty next year after serving out his contractual duties at Willis.
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Matthew Hogg joined Liberty Specialty Markets in 2010.
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Reinsurer executives stressed that the industry worked hard on setting the right structure.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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The underwriter has over 20 years' experience in the construction insurance sector.
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Robert James is set to join the Bassel Matta-led team.
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The underwriter was head of financial institutions at LSM for six years.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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Liberty Mutual, Allianz and Aviva previously had their appeals dismissed.
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He will succeed incumbent president Kadidja Sinz.
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Clients are increasingly using captives because of uncertainty around long-term capacity commitments.
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Niala Butt joins from CNA Hardy, where she was casualty claims manager.
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The carrier is launching a dedicated auto-follow unit within its DA practice.
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The executive criticised the ongoing underrepresentation of women in senior leadership roles.
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He expects the operational hygiene of MGAs to be tightened soon.
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Conflict between China and Taiwan would be a “game changer” for marine war.
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Two major claims have prompted underwriters to question the sustainability of double-digit rate decreases.
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The two Asian companies wrote $265mn net premiums in 2024.
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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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Incumbent Mel O’Neill will retire at the end of the year.
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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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Staff movement in energy has been more active than any other class of business this year.
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Julie Haase currently serves as COO of Liberty Mutual Investments.
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The executive said that more sophisticated use of data could optimise a portfolio.
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The flurry of London market PVT hiring continues.
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Daniel Fulco has spent nearly 12 years at LSM.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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The BMC-IBM judgment was insured for about $700mn on a heavily co-insured tower of around $1bn.
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Staff movement has been elevated in the energy market since the beginning of the year.
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The group has promoted Defne Turkes to COO of its new international insurance unit.
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The product was made through a partnership with technology provider Safehub.
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The underwriting loss came in at £88mn, as reserve strengthening reached £189mn.
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Talbot is rebuilding its PV team after a December Ark and Chaucer raid.
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The company provides reinsurance to insurers in LatAm and the Caribbean.
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He will report jointly to Melanie O’Neill and Ronald Bolaños.
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The court gave a mixed ruling on subjects including coverage, aggregation and furlough.
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The executives join as representatives of the Lloyd’s Market Association and International Underwriting Association.
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In his new role Bolaños will report to both Matthew Moore, Liberty Global Risk Solutions (GRS) president of underwriting, and to Phil Hobbs, LSM president and MD.
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The global segment leader for power generation moves to Tokio Marine HCC soon after his colleague Nicola Hannay.
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He replaces Mark Stephenson, who is leaving Liberty to join Ardonagh.
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The underwriter will work with product leaders across regions to deliver a global product offering for international clients.
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The underwriter will work in the retail property team at BHSI serving the central region.
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Competition for talent has led to high levels of staff displacement in the marine hull market.
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There is an increasing focus in the casualty reinsurance space on social inflation and litigation funding trends.
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Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.
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The eight-day trial will look at prevention of access wordings, policy limits and furlough payments.
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Staff movement in the marine class exceeds that in all other lines of business.
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ESG targets and the growth trajectory of renewables is attracting capacity to the class of business.
