Liberty Mutual Insurance Enhances Global Operations and Expands Focus in Asia Pacific

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Liberty Mutual Insurance has announced strategic enhancements in its ongoing transformation of Global Risk Solutions (GRS), its global commercial and specialty (re)insurer, and international insurance operations. These updates aim to strengthen the company’s presence in key global markets, particularly in Asia Pacific, while streamlining access to its full range of capabilities for clients and broker partners.

As part of the announcement, a new international insurance business division, Liberty International Insurance (LII), will be established. This division will operate in Asia Pacific, Europe, Latin America, and the UK & MENA regions under existing brands, including Liberty Specialty Markets (LSM) and Liberty Insurance. Phil Hobbs, currently President and Managing Director of Liberty Specialty Markets, will lead LII as President, reporting to Neeti Bhalla Johnson, President of Global Risk Solutions.

Defne Turkes, currently President of Asia Retail Markets, will assume the role of Chief Operating Officer for Liberty International Insurance, reporting to Hobbs and Sue Figueredo Cook, Chief Operating Officer of Global Risk Solutions.

Mike Abdallah, who established LSM’s Asia Pacific commercial insurance business 25 years ago, will continue in his current leadership role.

Hobbs emphasized the growth potential in global markets, particularly in Asia Pacific, projecting it to become one of the largest P&C insurance markets globally. Jackson’s appointment reflects Liberty Mutual’s commitment to consolidating its Asia Pacific strategy under a single leader to capitalize on regional opportunities effectively.