Liberty Mutual

Liberty Mutual Re hires Patel as new chief actuary of reinsurance

Liberty Mutual Re, part of Liberty Mutual Insurance Group, has appointed Hetul Patel as its new chief actuary for reinsurance.

MS Amlin, Liberty and Zurich face £845mn Covid BI lawsuit

The UK’s largest pub group Stonegate – owner of the Slug and Lettuce chain – is suing MS Amlin, Liberty Mutual and Zurich over the payment of claims related to business interruption losses suffered as a result of the pandemic lockdowns.

Liberty Mutual Re hands Mallen and Pappas new underwriting roles

Liberty Mutual Reinsurance has made a pair of promotions with London-based Max Mallen and New York-sited Matthew Pappas both appointed to new underwriting roles.

KBW: Competing bids for State Auto not expected

The $52 a share that Liberty Mutual has agreed to pay for State Auto Financial Corporation (STFC) as part of its transaction to also combine the US insurer’s mutual business into its own is not expected to trigger competing bids, according to KBW analyst Meyer Shields.

Aon appoints Liberty’s Streeton to lead complex client strategy

Aon has hired Liberty Mutual’s Frederick Streeton as leader of complex client strategy within its Reinsurance Solutions business.

Liberty Mutual shuffles business unit leadership as GRS president Langwell retires

Liberty Mutual has unveiled a series of new leadership appointments after company veteran and current Global Risk Solutions president Dennis Langwell announced he will retire from the group at the end of the year.

Insurer consortium launches CyberAcuView to improve risk mitigation

A group of insurers including AIG, Axis, Beazley, Chubb, The Hartford, Liberty Mutual and Travelers have supported the launch of CyberAcuView, a company dedicated to enhancing cyber risk mitigation efforts across the industry, with former AIG executive Mark Camillo as CEO.

Liberty names Pepper NA middle market GRS president

Liberty Mutual has appointed Garth Pepper to the newly created president of North America middle market role within its Global Risk Solutions (GRS) business after restructuring the business, with Rob Marsh stepping up to succeed him as president of the company’s Canadian operations.

Liberty Mutual operating profit up 14% despite $1bn Q1 cat losses

Strong performance from Liberty Mutual’s partnership, LLC and other equity method investment portfolios helped offset $1.04bn of Q1 cat losses, including $690mn from the February US winter storms, as pre-tax operating profits increased 14 percent to $914mn for the period.

LSM appoints Warren active underwriter for Syndicate 4472

Liberty Specialty Markets has appointed Jane Warren as active underwriter for Syndicate 4472.

LSM names CUO and COO for US and Latin America

Liberty Specialty Markets (LSM) has appointed Manuel Moreno as chief underwriting officer and Heath Merrill as chief operating officer for the US and Latin America.

Liberty GRS names Hyatt chief client officer

Liberty Mutual’s Global Risk Solutions (GRS) arm has promoted Wesley Hyatt to chief client officer, a role which gives her oversight of the carrier’s client executive team and US client service unit.

Liberty facing mid-hundreds of millions of dollars loss from US winter storm

Liberty Mutual expects to take a mid-range hundreds of millions of dollars loss from the devastating winter storm that has hit Texas and other US states, although its exposure is not expected to trigger its reinsurance protections.

Casualty leads the way as Liberty GRS posts 15% average renewal rate rises in 2020

Liberty takes $653mn prior year reserve charge in Q4

Liberty Mutual took a $653mn prior year reserve charge and $474mn of cat and Covid losses in Q4 2020 as the insurer fell to a pre-tax operating loss before partnerships, limited liability companies and other equity method income of $33mn.

Liberty Mutual and American Family back LeaseLock’s $52mn Series B raise

Real estate insurtech LeaseLock has completed a $52mn Series B financing round that included support from Liberty Mutual Strategic Ventures and American Family Ventures.

First American exits P&C with Safeco-Heritage renewal rights deal

First American Financial Corporation has entered into book transfer agreements with Liberty Mutual subsidiary Safeco Insurance and Florida insurer Heritage Insurance Holdings as part of its exit from property casualty business.

AIG latest insurer to suspend political contributions following DC riots

AIG has joined a number of other insurance industry companies in suspending political action committee (PAC) contributions in the wake of the riots in Washington DC and some lawmakers’ opposition to certifying the electoral college vote.

Liberty and Trisura invest in Canadian insurtech Apollo’s $13.5mn round

Canadian online insurer Apollo Insurance Solutions has closed a $13.5mn series A financing round, led by Gravitas Securities and with Liberty Mutual and Trisura Group among the investors.

Enstar enters deal for $420mn Liberty US liability portfolio

Enstar is to reinsure a legacy portfolio of US liability business written by Liberty Mutual Insurance Europe through London.

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