Liberty Mutual appoints CUO of national insurance specialty unit

Liberty Mutual Insurance has appointed Matt Waters to lead its national insurance specialty unit as chief underwriting officer and senior vice president.

The national insurance specialty unit provides a range of primary and excess products to large and mid-size construction and energy companies through brokers.

Waters returns to this unit after a stint as chief product and underwriting officer of Liberty Mutual's group disability and life operation, which was recently sold. Prior to that position, he served as chief underwriting officer for National Insurance Specialty - Energy. Waters started with Liberty Mutual in 1997, as a commercial underwriter.

"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 the national insurance specialty unit.

"Closely aligning our construction and energy operations will benefit brokers because each of these vertical markets 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 construction projects," Perez added.

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