People Moves: Liberty Mutual, TigerRisk, and Howden
Diversified US insurer Liberty Mutual has reshuffled four of its executives. Effective from 1 July, their new positions will be:
- Tim Sweeney, President. Sweeney is a long-term Liberty executive of almost 30 years.
- Neeti Bhalla Johnson, President of Global Risk Solutions. Prior to this appointment, Johnson served as Chief Investment Officer. She first came to Liberty in 2013 following a 13-year stint as Managing Director of Goldman Sachs.
- James MacPhee, President of Global Retail Markets. MacPhee’s new role was previously held by Sweeney. He has been with Liberty for over 17 collective years.
- Vlad Barbalat, Chief Investment Officer. The newest joiner to the company with a service history of four years, Barbalat was also Managing Director of Goldman Sachs’ securities division between 2003 and 2012.
“These new executive leadership appointments better position us now and in the future as a leading global insurer and will help us capitalise on opportunities across our businesses,” commented Liberty’s CEO David Long.
Focusing on providing risk, capital, and strategic advice to the insurance/reinsurance sectors, TigerRisk is positioning itself as a new global leader. James Loggie’s appointment as a new Partner to the firm is presumably part of this drive.
Loggie himself is highly experienced in the insurance industry, having previously worked at AIG, Guy Carpenter, and Willis Re. At the latter, which he remained with for over a decade, Loggie was an Executive Director and Senior Director of Credit Surety and Political Risk.
“We are delighted to bring an industry leader of James’s standing into the team,” said Rod Fox, CEO.
Liberty Mutual wasn’t the only firm to make several new high-profile appointments: London-based broker Howden confirmed three new executives for its Australian offices, all of which would be transitioning from rival firm Marsh:
- Matt Bacon, CEO of Howden Insurance Brokers. In addition to formerly serving as CEO of Mercer Marsh Benefits in APAC, he was also Account Director at Aviva and CEO of People Risk Consulting at JLT Australia for eight years.
- Stuart McKellar, Head of Commercial and Affinity. McKellar served as Chief Commercial Officer at Marsh prior to joining Howden. He also worked at JLT Australia for 15 years, latterly as Managing Director.
- Nick Chubb, Head of Financial Lines. Chubb spent a collective 12 years at Marsh before making the transition to Howden. Like both Bacon and McKellar, he worked at JLT Australia, albeit for the longest period (16 years) as General Manager.
The relatively parallel and long-term experience of all three speaks to Howden’s desire to establish a firmer presence in the Australian insurance market. As it continues to grow, the firm’s ability to lure top talent away from a major competitor like Marsh could be indicative of its potential