Liberty Mutual Reinsurance (LM Re), a division of Liberty Mutual Insurance coverage Group, has introduced the launch of its Australian reinsurance operation, LM Re Australia.
The reinsurer mentioned the transfer signifies its growth within the Australasian market, changing the ARUS managing common agent that beforehand managed LM Re’s portfolio within the area by way of Lloyd’s.
LM Re has named Mark De La Mare as the top of Australia and New Zealand.
De La Mare will tackle the brand new accountability from October 2024, reporting to move of property for London James Inexperienced and chief working officer for Asia-Pacific John McCabe.
His function is predicted to be central to LM Re’s technique for the area, main the underwriting workforce primarily based in Sydney.
With greater than 15 years of reinsurance expertise, De La Mare’s experience spans disaster danger modelling and strategic reinsurance placements.
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His skilled historical past encompasses quite a lot of reinsurance courses in each the London and Asia-Pacific markets.
De La Mare’s earlier function was head of property, Australia, at Aon’s Reinsurance Options.
Inexperienced mentioned: “We’re very happy certainly to welcome Mark to LM Re to develop and strengthen the native reinsurance presence now we have constructed within the area. Mark’s deep trade data and expertise might be invaluable as we strengthen our operations in Australia and New Zealand.
“We additionally prolong our honest gratitude to John Bubb and Richard Wareham for his or her 14 years of outstanding service at ARUS and contributions to our enterprise. Their efforts have laid a robust basis upon which Mark will construct, guaranteeing a seamless transition and continued excellence in service supply.”
Earlier this yr, Liberty Specialty Markets, one other division inside the group, appointed Anabella Frontado as the top of struggle & terrorism for the Latin American markets.
