Liberty forms new global financial risk unit with LSM, Ironshore experts

Liberty Mutual has launched a new financial risk solutions unit by combining credit and political risk experts from Liberty Specialty Markets (LSM) and Ironshore into a single global operation.

Based in London, the new unit will be led by Peter Sprent, head of financial risk solutions, Liberty Specialty Markets (LSM).

LSM's credit and political risk claims team, led by chief claims officer Mike Gillett, will oversee claims for the combined unit.

“Joining credit and political risk experts from Liberty Specialty Markets and Ironshore into a single, global operation makes it easier for brokers and buyers to access sophisticated solutions from a financially strong carrier,” said Matthew Moore, president of LSM.

Moore added: “The creation of Financial Risk Solutions best positions us to deliver our goals of enhancing our market capabilities to grow in the credit and political risk markets, and providing better solutions to our customers in a consistent and coordinated way via our teams around the world – from better access and clarity, to enhanced global solutions and best-in-class claims services.”

Sprent commented: “While we work to transition towards an integrated global team, brokers and customers should continue to approach the existing teams on a ‘business as usual’ basis. The goal is to optimize our organizational structure by creating a fully integrated team that best aligns with, and supports, our brokers and customers.”

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