NEW YORK--(BUSINESS WIRE)--Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has appointed Michael Finnegan to the newly-created position of Chief Underwriting Officer (CUO), U.S. Operations. Based in New York, Mr. Finnegan will report to Jim Hinchley, President of LIU Americas.
“We restructured LIU’s operations in the U.S., Latin America and Canada to increase collaboration across product lines and improve distribution strategy for the entire region,” said Mr. Hinchley. “Michael has an enormous depth of reinsurance and insurance market experience, which will be invaluable as we grow the U.S. operations with new talent and tools and bring additional products to the market.”
Prior to joining LIU, Mr. Finnegan was Chief Operating Officer of Liberty Mutual Reinsurance (LMR), an independent business unit within Liberty Specialty Markets. LMR is the dedicated U.S. assumed reinsurance operation of Liberty Mutual Group.
Reporting directly to Mr. Finnegan will be:
- Carl Pursiano – Senior Vice President, Specialty Casualty
- Tim Kania – Senior Vice President, Energy & Construction
- Don Harrell – Senior Vice President, Marine
- Michael Carr – Senior Vice President, E&S Property
Additionally, Mr. Finnegan will have responsibility for a new underwriting leadership role – Head of U.S. Casualty – to oversee a number of casualty products. The leaders of Primary Casualty, Excess Casualty, Environmental, and Crisis Management will report to this new position.
“The breadth and depth of experience within the U.S. team has made it one of the top go-to markets among agents and brokers,” said Finnegan. “I am excited to work with them and implement new approaches as we take a fresh look at the operation and pursue opportunities to grow profitably and collaborate across organizational product and geographic lines.”
Mr. Finnegan can be reached at 212-208-8810 or Michael.email@example.com
About Liberty Mutual Insurance
Liberty Mutual’s mission is to help people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
We began our operations in Boston, Massachusetts in 1912. Today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. We are the third largest property and casualty insurer in the U.S. based on 2014 direct premium written as reported by the National Association of Insurance Commissioners.
Liberty Mutual is ranked 78th on the Fortune 100 list of largest corporations in the U.S. based on 2014 revenue. As of December 31, 2014, we have $124.3 billion in consolidated assets, $104.0 billion in consolidated liabilities, and $39.6 billion in annual consolidated revenue.
Liberty Mutual employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more by visiting www.libertymutualinsurance.com.