Liberty Specialty Markets restructures UK & MENA operations with new division leads
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property.
This restructuring is part of an effort to adjust the delegated authority framework in response to shifting market conditions. The appointed directors will set priorities for their divisions, focusing on the needs of clients and brokers.
Meghan Walker will head the marine & aviation division, which covers aviation, aviation war, marine cargo including the Liberty Cargo Consortium, hull and war, as well as ports and terminals.
Walker has been with Liberty for 13 years and has led the aviation team since 2020. Before joining Liberty, she worked in broking roles at Aon and Lockton.
Mike Burle will lead the specialty division, which includes fine art & specie, equine, war & terrorism, contingency, accident & health, and market trackers. Burle has spent 16 years at Liberty in various roles, such as Head of Marine and Underwriting Manager for War & Terrorism, Fine Art & Specie. He will continue as Deputy Active Underwriter for Liberty’s Syndicate 4472.
<!–
–>
The property division will combine international property and UK commercial property into a simplified structure. A search is underway for a divisional director to lead this unit.
Dermot Walsh, currently Head of Commercial Property, will move into a newly created role as director of UK retail. In this position, Walsh will oversee commercial products aimed at the UK retail market. He brings more than 40 years of industry experience to the role.
Lewis Edwards will continue leading the delegated authority practice (DAP), responsible for managing governance, underwriting, and operations related to non-specialty binders, including property, casualty, environmental impairment liability, and super cover holders.
A new auto-follow business unit will be set up within the DAP to address opportunities created by market changes and the rise of algorithmic and digital underwriting. Edwards joined Liberty in 2018 to develop the UK and International cover holder business and launched the DAP in 2022.
President of LSM’s UK & MENA region, Luis Prato, commented: “These changes are designed to help us deliver our strategic objectives and empower our teams to make better and faster decisions. By providing greater alignment with our brokers and clients we will be able to do business more effectively and increase our speed to market.”
Chief Underwriting Officer, UK & MENA region, Henry Nelson, said: “The changes will support the roll-out of our integrated business unit model, which brings together underwriting with all aspects of delivery (claims, operations, finance, portfolio management, etc.) and encourages them to contribute proactively to business success. The new structure offers clear career opportunities for our talented people to build their careers at Liberty.”
The post Liberty Specialty Markets restructures UK & MENA operations with new division leads appeared first on ReinsuranceNe.ws.
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property. This restructuring is part of an effort to adjust the delegated authority framework in response to shifting market conditions. The appointed directors…