Liberty Mutual Insurance News

Three Insurers Reject Chevron’s $57 Million Claim for Iran Oil Seizure

Three insurance companies have rejected Chevron’s claim over the seizure last year of an oil cargo by Iran, according to a complaint filed on Tuesday in a U.S. court in California. The Chevron-chartered tanker Advantage Sweet was boarded by Iranian …

Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses

Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small commercial lines business in long-term strategic markets. Approximately 370 jobs will be lost in the US as a result of …

Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros

Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, …

Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks

Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build and scale Liberty Mutual’s cyber capabilities around the world, …

People Moves: Liberty Mutual New Global Property Product Lead; Canopius Head of U.S. Actuarial; Dresner Takes Everspan CEO Role

Liberty Mutual Appoints Maria Grace to New Role of Global Product Leader, Property Liberty Mutual Insurance has appointed Maria Grace as global product leader, property, effective January 3, 2023. Grace will be responsible for the profit and loss of property …

People Moves: Liberty Mutual Names Former CNA Exec as President, GRS N. America; AXA XL Boosts Cyber Insurance Team in N. America With 3 Hires

Liberty Mutual Names Former CNA Exec as President, GRS North America Liberty Mutual Insurance announced the appointment of Kevin Smith as president of Global Risk Solutions (GRS) North America. Reporting to GRS President Neeti Bhalla Johnson, Smith will be accountable …

Killourhy to Take Helm at QBE Re, Succeeding Postlewhite; Liberty Mutual GRS Taps CRO From Aspen, CUO From Liberty Specialty

This edition of International People Moves details appointments at QBE Re and Liberty Mutual’s Global Risk Solutions. A summary of these new hires follows here. Killourhy to Take Helm at QBE Re, Succeeding Postlewhite QBE announced the appointment of Chris …

Liberty Mutual Insurance Acquires Malaysian Insurer AmGeneral

Liberty Mutual Insurance has completed the acquisition of Malaysian insurer AmGeneral Insurance Berhad, which is expected to make Liberty Mutual the country’s largest auto insurer. AmGeneral was previously 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group. Liberty Insurance …

People Moves: Liberty Mutual Global Risk Solutions Names Geary President, Insurance Solutions; Norton Promoted to K&K President & CEO as Bixler Retires

Liberty Mutual Global Risk Solutions Names Geary President, Insurance Solutions Liberty Mutual Insurance Global Risk Solutions (GRS) has appointed Elizabeth Geary as president, Insurance Solutions. Geary will report to GRS President of Underwriting Matthew Moore, effective late August. Geary is …

Iowa Court: Carrier Ineligible For Retroactive Reimbursement on Mistaken Workers’ Comp Claim

An Iowa workers’ compensation insurance carrier is not entitled to retroactive reimbursement from another insurer for benefits it paid in error, the state Supreme Court ruled this month. American Home Assurance paid 125 weeks of permanent partial disability benefits to …