Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the launch of a single integrated third-party division, bringing together its financial and professional (FinPro) and casualty operations across the UK and MENA region.
The new division will be led by Terry Fitzgerald, who takes on the role of divisional director. He will oversee the combined FinPro and casualty portfolios, advancing LSM’s strategy for third-party and long-tail lines.
Fitzgerald joined the company in 2021 and has since successfully managed the FinPro portfolio through shifting market conditions. With more than 25 years of experience in the insurance industry, he brings extensive expertise to his expanded leadership role.
Working alongside Fitzgerald will be Emma Pearce, who has been appointed head of FinPro, Daniel Munro, who steps into the role of head of casualty, and Niamh Moloney, who continues as general manager for insurance in Ireland. Their positions are designed to ensure consistent support for clients and brokers across the region, with all three reporting directly to Fitzgerald.
In addition, Stuart Sutherland, currently head of liability lines, will join Dermot Walsh as director of UK retail. This newly created role gives Sutherland responsibility for developing LSM’s proposition in the UK retail market, particularly across its commercial product lines. He will report into Henry Nelson.
The company confirmed that its reporting structures in MENA remain unchanged. Further leadership appointments have also been made within marine and aviation.
Chris Hicks, previously underwriting manager for marine cargo, has been promoted to head of marine, a role that encompasses cargo, ports and terminals, and marine hull and war. Meanwhile, aviation specialist Miles Taffs has been named interim head of aviation. Both Hicks and Taffs will report to Meghan Walker, divisional director for marine and aviation.
President of LSM’s UK & MENA region, Luis Prato, said: “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.”
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