Liberty Specialty Markets rebrands its reinsurance division and appoints Massimiliano FANTINI to head its newly created Italian division

Massimiliano FANTINI will head the newly established Italian operation of Liberty Mutual Re, the rebranded reinsurance division of Liberty Specialty Markets.

The rebrand is effective immediately and encompasses all aspects of LSM's reinsurance division, which incorporates 180 people in 14 locations. The newly-named business has created a local Italian operation based in Rome and Milan, which will begin trading immediately. Massimiliano FANTINI, ex country manager for Italy of Guy Carpenter and previously CFO of Swiss Re Italy, became Liberty Mutual Re's General Manager Reinsurance for Italy. The Italian reinsurance team will write property, casualty and specialty business.

Dieter WINKEL, president of Liberty Mutual Re, said: "The launch of our Italian business is a key step in our plans to grow Liberty Mutual Re's business. We're extending our global footprint while building on the close relationships we've already developed with clients and brokers in Italy.

"In Massimiliano FANTINI, we have found a talented and highly-respected reinsurance professional to lead our Italian team. He also brings with him a wealth of contacts and local knowledge, which will be extremely valuable as we reach out to the Italian market. Massimiliano's mission is to provide a first-class service to Italian insurance companies, with a complete range of reinsurance products both on a proportional and non-proportional basis."

Commenting on the rebranding, Dieter WINKEL said: "By rebranding as Liberty Mutual Re, the sole treaty reinsurance business within Liberty Mutual Group, we can be very clear about the benefits that our financial strength offers while highlighting the breadth and depth of our offering. Our rebranding signals our intention to leverage the Liberty brand and emphasize the sheer strength of the balance sheet on which the Liberty Mutual Group is founded. This is just the start of the process."

US changes

In the US, Scott JOHNSON, formerly with Munich Re, has been appointed to the lead Liberty Mutual Re's newly launched marine account. He will report to James D'ONOFRIO, Liberty Mutual Re's general manager for the US. In addition, Liberty Mutual Re's US operation has started to write marine business for the first time.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

Five CEE re/insurers have an "A" rating from A.M. Best

Among the re/insurance companies rated by A.M.Best there are 23 entities domiciled in the CEE, SEE and CIS regions. Out of this total, 5 companies have an "a" Issuer Credit Rating (ICR) and an "A" Financial Strength Rating (FSR)


A.M. Best announces ESMA registration for new Amsterdam office

A.M. Best has announced that it has been registered as a credit rating agency (CRA) by the European Securities and Markets Authority (ESMA) to provide ratings through its new subsidiary, A.M. Best (EU) Rating Services B.V., based in Amsterdam, the Netherlands.


The CEE real estate market - increasing demand for title insurance

"Fifteen years after its introduction, title insurance continues to play a growing role in the CEE real estate market," Jean-Bernard WURM, Co-Founder & Managing Director of Secure Legal Title, London said talking to Property Forum about the trends in the CEE region's real estate sector.


VIG's underwritings up by 2.9% in Q3; year end targets confirmed

Vienna Insurance Group (VIG) continued its stable upward trend in 3Q 2018, achieving a further improvement in key figures. Given the positive development, VIG disclosed for the year end a GWP EUR 9.5 billion target and a result before taxed expected figure of EUR 450 - 470 million.



MetLife named its EMEA head as CEO of Japan unit

MetLife announced that Eric CLURFAIN, currently Executive Vice President and Head of EMEA, has been named Chairman, President and CEO of MetLife Japan - the company's second largest market globally and its largest retail life insurance business, effective Feb. 1, 2019, following approvals.


American International Group appoints new CFO

American International Group announced that it has appointed Mark LYONS to the role of Executive Vice President & Chief Financial Officer (CFO). He succeeds Sid SANKARAN, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018.


Wolfgang STOCKMEYER appointed as VIG's BTA Baltic new Board Chairman

Wolfgang STOCKMEYER (49) has been appointed, on 30 November 2018, Chairman of the VIG's subsidiary BTA Baltic Management Board, as part of a series of changes in the composition of its Management Board operated by the main player of Austrian Group in the Baltic region.



Reducing the risks in agriculture by using insurance means, discussed in Skopje

On November 1st, an Agricultural insurance conference took place in Skopje, Macedonia, organized by the Insurance Supervision Agency in cooperation with the Ministry of Agriculture, Forestry and Water Economy. Drawing attention to the necessity of reducing the risks in agriculture by using insurance was the event's main purpose.


IIF 2018 - Insurance in a DIGITAL WORLD

Emmanuel DJENGUE, Innovation Director, Europe - RGAX, Spain is the Keynote Speaker at IIF 2018 - Insurance in a DIGITAL WORLD Conference in Bucharest, on November 27.


See all