Liberty Mutual’s Global Risk Solutions (GRS) strategic business unit joined two areas that independently provided credit and political risk products into a single global product line – Financial Risk Solutions.
The new unit, based in London and with global reach, is led by Peter Sprent, Head of Financial Risk Solutions, Liberty Specialty Markets (LSM).
“Joining credit and political risk experts from Liberty Specialty Markets and Ironshore into a single, global operation makes it easier for brokers and buyers to access sophisticated solutions from a financially strong carrier,” notes Matthew Moore, President, LSM. “The creation of Financial Risk Solutions best positions us to deliver our goals of enhancing our market capabilities to grow in the credit and political risk markets, and providing better solutions to our customers in a consistent and coordinated way via our teams around the world – from better access and clarity, to enhanced global solutions and best-in-class claims services.”
The Liberty Specialty Markets credit and political risk claims team, led by LSM Chief Claims Officer Mike Gillett, will oversee claims for the combined unit with immediate effect.
The launch of Financial Risk Solutions does not change the current contacts credit and political risk brokers and customers have at Liberty Mutual.
“While we work to transition towards an integrated global team, brokers and customers should continue to approach the existing teams on a ‘business as usual’ basis,” notes Sprent. “The goal is to optimize our organizational structure by creating a fully integrated team that best aligns with, and supports, our brokers and customers.”
About Liberty Mutual Insurance
Liberty Mutual is the 5th largest global insurer based on 2017 gross written premium, with nearly 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers’ trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue. You can learn more about us by visiting www.libertymutualinsurance.com