Liberty Mutual Insurance has appointed Matt Waters (pictured) as chief underwriting officer and senior vice president, the company has announced. In the role, Waters will lead the areas of the company’s National Insurance Specialty unit that provide primary and excess products to large and mid-size construction and energy companies through brokers.
“Matt will play a key role as we help brokers develop programs that better control the total cost of construction and energy risks by blending effective coverages, unsurpassed risk engineering and industry-leading claims,” said David Perez, executive vice president of National Insurance Specialty. “Closely aligning our construction and energy operations will benefit brokers because each of these verticals requires deep industry expertise, as well as the ability to easily draw upon the specialty insurance resources of Ironshore and other areas of Liberty Mutual. In addition, aligning these operations positions us as a single-source solution for energy and construction projects.”
Waters’ new role marks a return to the National Insurance Specialty unit after a stint as chief product and underwriting officer of the company’s group disability and life operation, which was recently sold. Prior to that, Waters served as chief underwriting officer for National Insurance Specialty – Energy.