Liberty Mutual Insurance Group says Nick Metcalf has beennamed president and group managing director of Liberty SpecialtyMarkets, a new operation created by combining thecompany's Lloyd's Syndicate, Liberty Mutual InsuranceEurope/LIU Europe and U.S.-based Liberty Mutual Reinsuranceoperations.
|Liberty Specialty Markets, which will operate at a scale ofnearly $3.5 billion in gross written premiums, will be composed ofthree business units. Two units, wholesale and reinsurance, will beled by chief underwriting officer Matthew Moore. The thirdunit, retail, will be led by CUO Sean Rocks.
|The new operation will retain all existing regulated insuranceentities. Brokers and clients will be able to access their existingcontacts in the same way as before.
|“With access to different paper across the business, and ageographic spread from Central and South America to the MiddleEast, the new integrated structure will make it easier forcustomers and partners to do business with us as we leverage ourscale and expertise,” Christopher L. Peirce, president of LibertyMutual Insurance Group's Global Specialty business unit.
|Liberty Specialty Markets will seek opportunities for growth andimproved performance, while continuing to provide its current widerange of product capability and capacity for specialty marketsworldwide.
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