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LIBERTY MUTUAL INSURANCE LAUNCHES NEW MANAGEMENT LIABILITY PACKAGE

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Liberty Mutual announced the launch of ProShield, a packaged solution providing
private companies and non-profits streamlined access to Directors & Officers,
Employment Practices Liability, Fiduciary and Crime coverages, and the
appointment of Brent Tan as Senior Director, Financial Lines Underwriting.

Source: Liberty Mutual | Published on January 18, 2024

Liberty Mutual offers new management liability package solution


Liberty Mutual announced the launch of ProShield, a packaged solution providing
private companies and non-profits streamlined access to Directors & Officers,
Employment Practices Liability, Fiduciary and Crime coverages, and the
appointment of Brent Tan as Senior Director, Financial Lines Underwriting.

“ProShield provides private companies and non-profits – and the brokers who
support them – faster access to a more robust set of coverages needed to
effectively address the complex Management Liability risks they face,” said
Liberty Mutual Global Risk Solutions President, Financial Lines, Paul Larson.
“The new packaged solution eliminates the need for over 30 endorsements by
blending coverages into a single policy form available to both wholesale and
retail brokers.”

In addition to the new product, Liberty Mutual appointed Tan to the newly
created product line manager role. He will focus on financial lines product
development, ensuring Liberty Mutual is a market leader in that segment. He will
also work closely with underwriters to set strategy, develop internal and
external training, and implement service enhancements for trading partners.
Prior to his appointment, Tan was Senior Vice President of CNA Specialty’s
products and underwriting service organization. Before joining CNA, Tan spent 15
years in Chubb Specialty’s Financial Lines organization in various underwriting
roles.

Both developments are the latest examples of Liberty Mutual’s commitment to
Financial Lines. Last February, it appointed Larson to drive the continued
profitability and growth of Professional Liability, Management Liability, Cyber
and other Financial Lines solutions.

About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By
providing protection for the unexpected and delivering it with care, we help
people and businesses embrace today and confidently pursue tomorrow.

In business since 1912, and headquartered in Boston, today we are the fifth
largest global property and casualty insurer based on 2022 gross written
premium. We also rank 86 on the Fortune 100 list of largest corporations in the
US based on 2022 revenue. As of December 31, 2022, we had $50 billion in annual
consolidated revenue.

We employ over 50,000 people in 29 countries and economies around the world. We
offer a wide range of insurance products and services, including personal
automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril,
workers compensation, commercial automobile, general liability, surety, and
commercial property.

Share Article to LinkedIn

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IICF to Recognize Liberty Mutual with “Double I” Award at 17th Annual Northeast
Benefit

Google to End Forced Arbitration for Sexual-Harassment Claims

Industry Claim Satisfaction Survey Ranks Chubb as Preferred Insurer for Claims
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