Liberty Mutual has appointed Matt Waters as chief underwriting officer and senior vice president to its National Insurance Specialty unit. He will be responsible for primary and excess products sold to large and mid-sized construction and energy companies.
Waters returns to National Insurance Specialty from a stint as chief product and underwriting officer of Liberty Mutual's group disability and life operation, which was recently sold.
Prior to that position, he served as chief underwriting officer for National Insurance Specialty-Energy. Waters started with Liberty Mutual in 1997 as a commercial underwriter.
Liberty Mutual said Waters will work with brokers to develop programs that better control costs of construction and energy risks.
"Closely aligning our construction and energy operations will benefit brokers because each of these vertical markets requires deep industry expertise, as well as the ability to easily draw upon the specialty insurance resources of Ironshore and other areas of Liberty Mutual. In addition, aligning these operations positions us as a single source solution for energy construction projects,” stated David Perez, executive vice president of National Insurance Specialty.
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