Liberty Mutual

The appointment completes the CUO team at Liberty Mutual’s Global Risk Solutions office of underwriting.

The proportion of notifications reporting high severity ($10mn+) remains unchanged at 9%, according to the report.

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The increases were driven by higher US non-cat losses, primarily due to personal auto, personal property and business lines, as well as higher current-year losses in global risk solutions.

The Massachusetts Bay Transportation Authority claims the firms failed to act over the bankruptcy of LMH-Lane Cabot Yard Joint Venture.

Claims analysis shows slow reactions to negative trends can affect several quarters, but carriers who emerge strong will be able to pursue growth faster than the competitors who are always playing catchup on loss cost trends.

Both Chu and Leahy will report to GRS president of underwriting Matthew Moore.

The company acquired Ironshore from Fosun in a $2.9bn deal that closed in May 2017.

Kevin Smith was most recently president and COO of CNA's specialty business.

The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.

Ottaviano was most recently chief risk officer with Aspen Insurance, while Rodriguez has been with Liberty Mutual for 13 years.

Inside P&C’s news team runs you through the key highlights of the week.