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February 12, 2019

Liberty Specialty forays into Italian casualty market

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has forayed into the Italian casualty market.

The company has hired Paolo Pitton to manage the casualty business in the country. He will be based in Milan.

Prior to the new role, Pitton was working as deputy casualty manager for Chubb Europe.

He has nearly 18 years of experience in the insurance sector. He started his career with Lloyd’s broker WBA in 2000. Later, he worked in management roles with RSA, AIG Europe, Chartis and QBE.

Liberty Specialty Market Italy general manager Antonio Sacchi said: “Since we launched in Italy in 2012, we’ve been steadily growing our presence, now reaching 35 people in our Milan office.

“We’re now adding a local underwriting capability in casualty, which is of real strategic importance to our clients, allowing us to offer a broader range of solutions in the Italian market.

“Paolo has a tremendous track record. He’s highly experienced with a strong knowledge of the market. He’s also very well-known in our market.”

Liberty Specialty Markets provides specialty and commercial insurance and reinsurance products in the UK, Europe, Middle East, US as well as other global markets.

Liberty recently entered the market in Luxembourg.

Liberty Mutual Insurance Europe SE (LMIE) was formed so that Liberty can continue conducting insurance and reinsurance business across Europe even after Brexit.

Dirk Billemon will manage the Luxembourg-based company as general manager. Earlier, he worked as CEO of Fortis Luxembourg.

Liberty Specialty Markets president and managing director Matthew Moore said: “This new licence means that whatever the outcome of the Brexit negotiations, we will be able to deliver the certainty that our customers and staff need. It will be very much business as usual.”

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