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.”