Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced two senior appointments in its Financial Risk Solutions (FRS) division and the expansion of its political risk team.
Huw Owen (pictured), formerly FRS head of underwriting and London markets, has been appointed to the newly created role of FRS chief underwriting officer, while Sam Wilde, formerly underwriting manager for FRS, will replace Owen as FRS head of London Markets.
“The credit and political risk insurance market has grown significantly in both scale and complexity over the past 10 years, and we expect this trend to continue,” said Peter Sprent, global head of FRS. “We are investing in our teams to ensure that we can provide the highest level of service to our clients and broking partners.”
Owen (pictured above) will report to Sprent. Owen joined Liberty in 2012 as head of London markets for Global Financial Risks.
“Huw has been instrumental in developing Liberty’s growing product capabilities,” Sprent said. “He’ll be responsible for ensuring that our global underwriting teams are positioned to provide market-leading innovative financial risks solutions in each of our market segments.”
Wilde (pictured below) will report to Owen. Wilde joined the company in 2017 as a senior underwriter.
“Sam has expanded FRS’s non-payment offering and developed a number of our strategic initiatives, most notably project finance, asset-backed finance and capital markets,” Sprent said. “Our clients and brokers will benefit from his technical expertise and commercial acumen.”
The company also announced the appointment of Mia Jureidini (pictured below) to the FRS division as political risk underwriter. She will be based in London and report to William Limb, LSM’s political risk practice leader. Jureidini joins the company from WTW, where she was a senior broker.
“Socioeconomic issues stoked by the pandemic, increasing foreign direct investment in relation to the energy transition, and the post-pandemic recovery have increased demand for the political risk product,” Limb said. “Mia’s knowledge, market experience and ability to forge strong working relationships make her a valuable addition to our team.”