Liberty Mutual replaces Colombia reinsurance head Ospina with LondoñoLiberty Mutual Re (LM Re) has promoted Juan Felipe Londoño to the position of general manager Colombia with immediate effect, succeeding Jose Ernesto Ospina who has left “to pursue personal endeavours”.
AmTrust transferring Republic Personal Lines renewal rights to SafecoAmTrust’s bid to simplify its operations and focus on specialty lines has seen it reach an agreement to transfer the renewal rights of its Republic Personal Lines business in six states to Liberty Mutual’s Safeco Insurance.
Liberty Mutual swings to $417mn loss in Q4Liberty Mutual has reported a fourth quarter pre-tax operating loss of $417mn, excluding income from partnerships and limited liability companies it has equity in, versus a profit of $277mn for the same period in 2018.
Ironshore creates dedicated wholesale UW resources in US platform overhaulLiberty Mutual’s specialty insurance business Ironshore has overhauled its US distribution platform in an attempt to cater more effectively to the important wholesale broker market.
Liberty Mutual Re adds to Brazilian treaty teamLiberty Mutual Re has bolstered its team in Brazil with the hire of Lucas Pimentel as treaty class underwriter for the southern cone region, The Insurer has learned.
Ryan named president of Liberty Mutual GRS North AmericaLiberty Mutual has named Tracy Ryan as president of its Global Risk Solutions (GRS) North America business to oversee commercial property, casualty and specialty operations including underwriting, distribution and claims in the region.
LM Re launches APAC office with Aspen Re’s LeongLiberty Mutual Re (LM Re) has opened an office in Singapore, appointing Annie Leong as regional underwriting manager for the Asia Pacific area.
Liberty Mutual Re hires Swiss Re casualty underwriter BurkeLiberty Mutual Re (LM Re) has appointed former Swiss Re underwriter Susan Burke as vice president and director of assumed reinsurance in its casualty treaty department.
Liberty’s $50mn Limestone Re BSX trade part of larger ILS placementLiberty Mutual’s listing of $50mn of Limestone Re notes on the Bermuda Stock Exchange last week was part of a large placement with ILS partners as the giant carrier continues to use its sidecar structure to offload risk to alternative capital investors.
Liberty Mutual appoints PE & MA practice leaderLiberty Mutual Insurance has promoted Amy Gross to the newly created role of practice leader, private equity and mergers & acquisitions.
Farmers is biggest beneficiary of James River’s Uber withdrawalFarmers has substantially increased its Uber exposure after the US personal lines giant picked up the bulk of the states that James River Group Holdings quit at the end of 2019.
Liberty Mutual picks up Uber business dropped by James RiverLiberty Mutual is the latest addition to Uber’s panel of insurers with the Boston-based carrier entering some of the states vacated by James River Group Holdings after it ended its relationship with the ride sharing company at the close of 2019 owing to heavy losses.
Liberty Mutual sells off Russian unit to SovcombankBoston, Massachusetts-headquartered Liberty Mutual has agreed to sell its Russian subsidiary, Liberty Insurance PJSC, to Sovcombank Group – the third-largest private bank in Russia.
Liberty latest to retrench from thermal coalLiberty Mutual Insurance will no longer underwrite risks for companies where more than 25 percent of their exposure arises from the extraction and/or production of energy from thermal coal, with plans to phase out existing risks that exceed this threshold by 2023.
Liberty Mutual hands Beauvais expanded construction roleLiberty Mutual’s Global Risk Solutions (GRS) unit has handed market veteran Ben Beauvais a newly created role designed to better support the carrier’s construction brokers and clients.
Former Ironshore chief Kelley to retire from LibertyLiberty Mutual’s vice chairman of Global Risk Solutions (GRS) Kevin Kelley is to retire from the company at the end of the year, The Insurer can reveal.
Liberty in $1.3bn ADC with Berkshire HathawayLiberty Mutual has entered into an adverse development cover (ADC) with Berkshire Hathaway to provide up to $1.3bn of reinsurance protection for a portion of its US workers comp, commercial auto and general liability reserves.
Seeing beyond the short termLiberty Mutual Re’s president Dieter Winkel examines how best to respond to what seems an increasingly chaotic world.
Liberty Mutual unit appoints North America CUOLiberty Mutual Insurance has named David Perez as chief underwriting officer, North America, for its global commercial and specialty lines (re)insurer Global Risk Solutions (GRS).
Putting the brakes on claims inflationCasualty claims inflation shows no sign of slowing. Liberty Mutual Re’s head of casualty reinsurance, Thomas Greene, asks why and explains what action the market is taking.