Liberty Mutual
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Wesley Hyatt has worked at the carrier for over 15 years, most recently as manager of its workers’ comp claims unit. -
The carrier believes the rising casualty claims count will continue post-Covid-19.
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Partnerships, LLC and other investment income contributed $494mn to the carrier’s pre-tax result.
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David Long said the carrier would continue efforts to foster dialogue on race.
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The carrier is in the early stages of marketing a US construction defects book and a UK motor portfolio.
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Celerity will write public and private D&O business for the wholesale insurance market.
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The capital raise was led by Gravitas Securities.
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The US mutual giant joins existing PRI signatories Munich Re, Swiss Re, MS&AD and Mapfre.
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The US carrier has offloaded a tranche of liability business written out of London.
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Claims from events including Hurricane Laura and West Coast wildfires more than doubled total cat losses from a year earlier.
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The former Ironshore International CEO was most recently chief client officer of Liberty Mutual’s Global Risk Solutions.
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The rideshare company has also deepened its existing partnership with Progressive.
