Liberty Mutual Re appoints Peter Smith as Executive Vice President and Managing Director
Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, announced the appointment of Peter Smith to the newly created role of Executive Vice President (EVP) and Managing Director. Based in London, Smith takes up the new role with immediate effect. He reports directly to Dieter Winkel, President, LM Re.
Mr Smith will be responsible for managing the LM Re global portfolio and performance optimisation. In addition to his new role, he will retain his regional LM Re responsibilities.
“I am delighted that Peter will be focusing more of his time on the LM Re portfolio and performance. We have a proven track record as a resilient business capable of profitable growth even in challenging circumstances. Peter’s ongoing leadership and support for our business will be exactly what we need to take us even further on our high-performance journey,” said Dieter Winkel, President, LM Re.
Mr Smith has 25 years of experience in the (re)insurance market and joined LSM in 2012. Prior to this new role, he was Executive Underwriting Officer for LSM. Prior to joining LSM, he was Deputy Active Underwriter at Sagicor Syndicate at Lloyd’s.
Authored by Liberty Mutual Re
About Liberty
Liberty Specialty Markets offers specialty and commercial insurance and reinsurance products across key UK, European, Middle East, US and other international locations.
We provide brokers and insureds with a broad range of products through both the Company and Lloyd’s markets and have over 1,700 staff in approximately 65 offices. Liberty Specialty Markets was established in September 2013 bringing together Liberty’s company, syndicate and reinsurance operations into one combined operation, composed of three business units: Commercial, Specialty, and Reinsurance (Liberty Mutual Re). This integrated approach means brokers and clients can benefit from our global reach and operating efficiencies.
Liberty Specialty Markets is part of global insurer, Liberty Mutual Insurance Group, a diversified global insurer, formed in 1912 and headquartered in Boston, Massachusetts. Liberty Mutual is the 5th largest global insurer based on 2017 gross written premium, with over 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers’ trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue.