Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has launched a new integrated third-party division for its UK & MENA (Middle East and North Africa) operations.
The new division unifies the financial and professional (FinPro) lines with the casualty portfolio in an effort to enhance alignment with market trends and client requirements.
Go deeper with GlobalData
Terry Fitzgerald, with more than 25 years of industry expertise, has been named divisional director of the new unit.
He will focus on overseeing the combined FinPro and casualty portfolios, steering the integrated approach for third-party and long-tail insurance lines.
Fitzgerald has been at the helm of FinPro since 2021.
Emma Pearce steps into the role of head of FinPro, while Daniel Munro takes on the position of head of casualty.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataNiamh Moloney continues her tenure as general manager of insurance in Ireland.
Reporting to Fitzgerald, this leadership trio will work to maintain service consistency for clients and brokers.
Stuart Sutherland transitions from head of liability lines to director of UK retail alongside Dermot Walsh.
Sutherland is tasked with advancing the company’s commercial product offerings in the UK’s retail market. He will report to Henry Nelson, LSM UK & MENA region chief underwriting officer.
In the MENA region, reporting structures will stay as they are.
In the marine and aviation sectors, Chris Hicks has been appointed head of marine, overseeing marine cargo, ports and terminals, and marine hull and war.
Meanwhile, Miles Taffs assumes the interim head of aviation role. Both Hicks and Taffs will report to Meghan Walker, divisional director for marine and aviation.
Nelson stated: “The changes support the roll-out of our integrated business unit model, which brings together underwriting with all aspects of delivery including claims, operations, finance and portfolio management along with encouraging them to contribute proactively to business success.
“It is a proud day to see so much talent moving up. It is testament to the quality of our underwriting organisation.”
In July, LSM launched a specialised insurance product for financial institutions operating in Europe’s cryptocurrency sector.
