Liberty announces next phase of organisational update in UK & MENA region; establishes third-party division; announces specialty roles

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, today announces a new single integrated third-party division, bringing together financial and professional (FinPro) and casualty under one unit in its UK & MENA region. This new division allows LSM to better address market trends by re-aligning its underwriting divisions and products to better meet the needs of clients and brokers.

Terry Fitzgerald will lead the third-party division. As divisional director, he will be responsible for managing the newly combined FinPro and casualty portfolios, to deliver LSM’s integrated business unit approach to third-party / long-tail lines. Since joining Liberty in 2021, Fitzgerald has adeptly led the FinPro portfolio through the market cycle. With 25 years of industry experience, he is perfectly poised to take on this new role.

Fitzgerald will be supported by Emma Pearce, who becomes head of FinPro, Daniel Munro, who becomes head of casualty, and Niamh Moloney, who continues as general manager of insurance in Ireland. These three report directly into Fitzgerald to ensure consistency across clients and broking partners in this key region.

Stuart Sutherland, currently head of liability lines, joins Dermot Walsh in becoming director of UK retail. This recently created role means that Sutherland will be responsible for driving our leadership proposition forward in the market across commercial products in the UK retail space. He reports directly into Henry Nelson.

In MENA, the business reporting lines remain unchanged. 

In marine and aviation, Chris Hicks, currently underwriting manager, marine cargo, becomes head of marine, comprising marine cargo, ports and terminals, and marine hull and war. Miles Taffs, senior underwriting specialist, aviation, becomes interim head of aviation. Both report to Meghan Walker, divisional director, marine and aviation. 

President of LSM’s UK & MENA region, Luis Prato commented: “These changes are designed to help us deliver our strategic objectives in a more streamlined manner. By providing greater alignment with our brokers and clients, we can do business more effectively and increase our speed to market.” 

Chief underwriting officer, UK & MENA region, Henry Nelson added: “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.”