Liberty Mutual
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The victims claim insurers shouldn’t get settlement cash before they’re made whole. -
The firm recently announced a restructure across its underwriting team.
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Spelman joins Hiscox from Liberty Mutual.
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Recent contingency losses reflect a willingness of the market to go looking for premiums.
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The BMC-IBM judgment was insured for about $700mn on a heavily co-insured tower of around $1bn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The product was made through a partnership with technology provider Safehub.
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Chres Lee was previously M&A counsel for Liberty Global Transaction Solutions.
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Based in Miami, the executive has worked at Liberty Mutual for nearly 13 years.
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The company has no immediate plans to re-deploy proceeds from recent sales in Europe and LatAm.
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The company provides reinsurance to insurers in LatAm and the Caribbean.
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The carrier laid off approximately 850 staff late last year.
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