Liberty Mutual Re makes financial risks reinsurance hire

Executive joins rival firm after a 20-year stint

Liberty Mutual Re makes financial risks reinsurance hire

Insurance News

By Gabriel Olano

Liberty Mutual Re has appointed Uwe Haug (pictured) as head of underwriting strategy and business development for its global financial risks reinsurance business. 

Haug will join the company on March 01 from Hannover Re, and will be based in Cologne, Germany. He will lead the financial risks reinsurance business jointly with Susan Barber, and will have full underwriting authority in addition to his strategic responsibilities.

“Liberty Mutual Re continues to build out its structure, experience and global operating capabilities and we are delighted to have such a highly respected reinsurance underwriter join the team,” said Peter Smith, Liberty Specialty Market’s executive underwriting officer and head of specialty reinsurance at Liberty Mutual Re. “Uwe will complement Liberty Mutual Re’s developing global footprint and will enhance our existing underwriting expertise, product development and thought leadership required in servicing our clients and brokers.”

Haug has 24 years’ experience of broad, multi-class specialty reinsurance underwriting. He spent 20 years with Hannover Re, the last nine leading its global specialty portfolio as general manager – Northern, Central and Eastern Europe, North America, Africa and Asia-Pacific.

The Liberty Mutual Re financial risks reinsurance team now underwrites between U$450 million and US$500 million annually across a number of Liberty Mutual company market platforms and its Lloyd’s Syndicate 4472, the company said in a statement.

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