Liberty Mutual

As part of Liberty Specialty Markets, John Krupczak will report to Manuel Moreno.

In his new role Bolaños will report to both Matthew Moore, Liberty Global Risk Solutions (GRS) president of underwriting, and to Phil Hobbs, LSM president and MD.

In this new role, she will manage cyber product and underwriting strategy across the globe, reporting to Matthew Hogg, global product leader, cyber.

It is understood that the cuts are based on a review of five-year loss ratios, and that agents above 70% will be impacted.

The underwriter will work in the retail property team at BHSI serving the central region.

As part of the US standard casualty team, she will develop and manage a portfolio of assumed casualty treaty reinsurance business.

The Inside P&C news team runs you through the earnings results for the day.

Liberty GTS noted a fall in the proportion of R&W notifications where the potential loss exceeds the retention in the last 12 months as compared to the preceding 12 months.

The cuts amount to roughly 2% of the insurer’s US workforce.

The executive has 15 years of underwriting experience and most recently led Liberty Mutual’s North America specialty primary casualty business.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Aggregate pricing for GRS North America increased 12.1% with a rate hike of 9.6%, exceeding loss cost trends of 8.4%. Competition retaining quality accounts partially offset these increases.