Liberty Specialty appoints head of US and LatAm war & terrorism
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has bolstered its war & terrorism line leadership to drive profitable growth in the US and Latin America.
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29 December 2025 From Gallagher’s $13.45bn blockbuster buy to Markel’s exit from global reinsurance, 2025 delivered surprises on both ends of the M&A spectrum. We take a closer look at the deals and retreats that shook the market.