3 July 2019, LONDON – Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has made two senior promotions in its Bermuda operation.
Steven Beadle has been named as Chief Financial Officer, while Chen Foley becomes Head of Bermuda Claims. Both promotions take place with immediate effect.
Steve Horton, President of LSM Bermuda, said: “Both Steven and Chen have played major roles in the development of the Bermuda platform and Ironshore’s integration to LSM. The Bermuda platform continues to grow and we have recently added a reinsurance offering. We are focused on continuing to deliver excellent service to our clients and brokers, whilst building our product suite and new carrier partnerships. Steven and Chen are key to our ongoing success and I congratulate them both on their respective promotions.”
Steven Beadle joined Ironshore in 2008 and was made Corporate Controller in 2017 after having served for three years as Financial Controller (Bermuda). Steven will report to Steve Horton, President of LSM Bermuda and Steve McMurray, Chief Financial Officer of LSM.
Chen Foley was previously Head of Claims for Iron-Starr. In his new position, Chen will help bring together the former Ironshore business lines and property claims teams. He will report to Steve Horton and Mike Gillett, Chief Claims Officer, Liberty Specialty Markets. This dual reporting line reflects LSM’s commitment to ensuring that claims and underwriting work closely together for the benefit of its customers and broker partners.
Liberty announced the integration of its Ironshore Bermuda businesses and brands into a single business branded as Liberty Specialty Markets Bermuda in December last year.
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