Liberty Mutual launches new cyber unit and global strategy to tackle complex risks

Liberty Mutual Insurance has created a Global Risk Solutions (GRS) global cyber office with new leadership roles to better manage complex and emerging cyber risks that span geographies and industries.

GRS Insurance Solutions president Liz Geary will lead the office pending the appointment of a global head of cyber, who will report to her.

Liberty Mutual's new global cyber office leadership team includes: Dan Frusciano, North America head of cyber underwriting, who is responsible for overseeing cyber underwriting strategy for US, Canada, and Bermuda.

Matthew Hogg, global cyber product leader, who is responsible for driving and enabling cyber product development, standards, training, pricing and profitability.

Derrick Lewis, global head of cyber advisory services, who is responsible for developing and leading the capabilities, frameworks, and tools for enhanced risk identification and selection, response, and consulting services for our underwriters, claim professionals, and insureds.

Ivonne Staisch, Liberty Mutual Reinsurance head of cyber underwriting, responsible for overseeing cyber underwriting strategy for Liberty's global reinsurance business.

The launch of the dedicated global cyber office and the appointments of key leaders are the latest investment within the GRS Office of Underwriting, which was formed in 2022 to drive results through underwriting excellence, consistent global product strategies and a common view of risk, the company said.

Since joining the Office of Underwriting in 2022, Geary has focused on building her Insurance Solutions leadership team, charged with providing global support to new and rapidly evolving risks in the market.

Geary said: "Cyber is among the most complex risks facing companies. And it is that very complexity that lets us add true value to risk managers and brokers. Our newly created office and leaders align and elevate our expertise in cyber underwriting, product, claims, and risk prevention and mitigation to provide a global platform helping companies better address this critical risk."

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.