Liberty Mutual Re (LM Re) has announced the appointment of Peter Smith to the newly created role of executive vice president (EVP) and managing director.
According to the firm, which is part of Liberty Mutual Insurance Group, Smith will be “responsible for managing the LM Re global portfolio and performance optimisation”.
Smith has 25 years of experience in the reinsurance market and joined Liberty Specialty Markets (LSM) in 2012. Prior to this position, he was executive underwriting officer for LSM.
Based in London, Smith takes up the new role with immediate effect. He reports directly to Dieter Winkel, president at LM Re.
Previously, Smith was deputy active underwriter at Sagicor Syndicate at Lloyd’s.
Dieter Winkel, president at LM Re, said: “I am delighted that Peter will be focusing more of his time on the LM Re portfolio and performance.
“We have a proven track record as a resilient business capable of profitable growth even in challenging circumstances. Peter’s ongoing leadership and support for our business will be exactly what we need to take us even further on our high-performance journey.”