Mike Fallon, Current President, Major Accounts, Announces Retirement
BOSTON (June 17, 2025) – Liberty Mutual Insurance today announced that Neal Bhatnagar has been named President, Major Accounts, of Global Risk Solutions (GRS) North America, effective July 7, 2025. Reporting to GRS North America President Marc Orloff, Bhatnagar is accountable for the financial and operational performance of the segment that partners with risk managers at large companies and the brokers who support them to better understand, mitigate, and manage complex risks.
Bhatnagar succeeds Mike Fallon, who will retire in January 2026 and remain as a senior advisor to the GRS North America leadership team. Fallon served in a number of senior roles during his almost 30 years with GRS North America.
Bhatnagar is currently Executive Vice President, Major Accounts Casualty, and joined GRS in that role in 2021.
“Neal’s strategic approach, deep expertise and inclusive leadership style made him the ideal candidate to continue to deliver value to our largest clients and their brokers,” said Orloff. “He has a proven ability to respond to an ever-changing external landscape with care, expertise, and an unwavering focus on partnering to find solutions to the complex risks facing the largest companies today while preparing them for the challenges of tomorrow.”
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About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and businesses embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the ninth largest global property and casualty insurer based on 2024 gross written premium. We also rank 91 on the Fortune 100 list of largest corporations in the US based on 2024 revenue. As of December 31, 2024, we had $50.2 billion in annual consolidated revenue.
We employ over 40,000 people in 28 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
