All Liberty Mutual articles
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NewsIACP panel: Response to fighting social inflation needs to be industrywide
Organizations across the insurance industry need to band together to counteract the highly coordinated efforts of the plaintiffs’ bar and regulatory bodies that have been driving an enormous acceleration of social inflation trends, executives speaking at the International Association of Claim Professionals’ New York conference said on Thursday.
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News
Liberty’s Ryan steps down as president of GRS in North America
Liberty Mutual’s president for Global Risk Solutions (GRS) in North America Tracy Ryan has stepped down from her post and is planning to leave the insurer at the end of this year, The Insurer can reveal.
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News
Long to retire as Liberty Mutual CEO at year-end with Sweeney named successor
Liberty Mutual Insurance chairman and CEO David Long will retire at the end of 2022 and serve as executive chairman of the board, with Timothy Sweeney to take over as CEO effective January 2023.
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News
Liberty Mutual Re adds Axa XL’s Sharman to casualty team
Liberty Mutual Re has appointed Alice Sharman as senior underwriter for casualty reinsurance.
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News
Liberty Mutual Q1 operating income drops despite CR improvement
Liberty Mutual has reported a 16.4 percent drop in pre-tax operating income for the first quarter, while its combined ratio improved 2.6 percentage points to 98.9 percent as a result of lower catastrophe losses.
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News
LSM looks to legal sector to fill newly created head of aviation claims role
Liberty Specialty Markets (LSM) has swooped on international law firm Kennedys for Peng Lim for the newly created role of head of aviation claims.
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News
Liberty GRS brings in Travelers’ Cook as part of new global leadership structure
Liberty Mutual’s Global Risk Solutions (GRS) business has created two new global executive leadership positions, with Matthew Moore named president of underwriting and Susanne Figueredo Cook joining as COO, in a move that also sees Phil Hobbs taking Moore’s previous role of president of Liberty Specialty Markets (LSM).
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News
Liberty Mutual GRS CUO Perez to depart
Liberty Mutual’s Global Risk Solutions (GRS) chief underwriting officer David Perez is set to retire from the business on 1 July, The Insurer can reveal.
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News
Liberty Mutual completes $2.3bn acquisition of State Auto Group
In a deal that was announced in July last year, Liberty Mutual has now completed the acquisition of super-regional property and casualty insurer State Auto Group for $2.3bn.
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News
Liberty Mutual: Ukraine exposure is “extremely manageable”
The president of Liberty Mutual’s Global Risk Solutions (GRS) division has commented that the insurer’s exposure to fallout from Russia’s attack on Ukraine is not significant while suggesting it could further stiffen underwriters’ focus on the uncertainty underlying loss cost trends.
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News
Liberty Mutual Q4 operating income surges while CR improves to 99.2%
Liberty Mutual has reported a large increase in both operating and net income for the fourth quarter – with the results benefiting from strong returns from partnerships, LLC and other equity method investment income – while the insurer’s combined ratio improved 3.1 points to 99.2 percent.
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News
Liberty GTS expects “bumper year” for M&A market as keeps capacity at $200mn
Liberty Global Transaction Solutions (GTS) has announced its capacity for the 2022 underwriting year will remain unchanged at $200mn per risk for transactional risk protection for all product lines, with its president expecting a “bumper year” for the market.
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News
Pub chain’s £845mn BI suit to reach High Court in June
The multi-million-pound lawsuit brought by hospitality group Stonegate against insurers MS Amlin, Liberty Mutual and Zurich over business interruption cover for Covid-related losses is to be heard in the High Court next June, with the case set to challenge issues left unresolved by the UK’s test case.
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News
Liberty Mutual veteran Kelleher to retire with Hart named chief legal officer successor
Liberty Mutual Insurance’s long-serving chief legal officer Jim Kelleher will retire after almost four decades at the company come year end with Damon Hart (pictured) stepping up to succeed him, the Boston, Massachusetts-based business has announced.
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News
Garland to lead State Auto once Liberty Mutual deal completes
Liberty Mutual Insurance has announced plans to appoint Kim Garland as president of State Auto once the mutual’s pending $2.3bn acquisition of the super-regional insurer completes in 2022.
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News
Liberty Mutual operating profit surges on investments despite $1.2bn cat bill
Pre-tax operating profits at Liberty Mutual were up 155 percent to $788mn for the third quarter as the insurer reported strong top line growth and a jump in the contribution from partnerships, LLC and other equity method investment income that more than offset a 23.9 percent increase in cat losses ...
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News
Liberty Mutual recruits Chubb’s Bhatnagar for new GRS casualty role
Liberty Mutual Insurance has bolstered its global risk solutions (GRS) arm with the hire of Chubb casualty specialist Neal Bhatnagar.
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Viewpoint
Learning from the global financial crisis
Liberty Mutual Re’s Uwe Haug reflects on lessons from the 2008 global financial crisis and how these can be applied to challenges today.
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News
Liberty Mutual Re’s Winkel calls for rethink on unmodelled perils
The (re)insurance industry must rethink the way it uses models in response to the heightened unmodelled losses of recent years otherwise carriers will no longer be able to provide coverage for such exposures, Liberty Mutual Re’s Dieter Winkel has warned.
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Viewpoint
Increased frequency of natural catastrophes spells uncertainty for reinsurers
As natural catastrophes challenge the market with greater frequency, Liberty Mutual Re’s Miguel Martinez-Alvarez considers the reinsurance market’s position.
