Liberty Specialty Markets president steps aside, hands over reins to CUO

Liberty Specialty Markets' (LSM) president and global managing director Nick Metcalf has handed over the reins of LSM to Matthew Moore.

The company said that the move had been in the planning for several years.

Metcalf joined Liberty Syndicate Management in 2007 as CEO after thirty years in the Lloyd’s market.

Moore, most recently LSM’s Group CUO, has been with Liberty for 15 years, after joining in 2002 as a political risk underwriter. He was appointed active underwriter of Liberty’s 4472 Syndicate, and Group CUO of LSM when LSM was formed in 2014 by merging Liberty Syndicates’ business with that of Liberty’s London market insurance company.

"Matthew is uniquely placed to lead LSM in the future and I am absolutely delighted to be handing over the reins to such a talented market leader," Metcalf said. "I have enjoyed leading LSM through a very successful period and wish Matthew and the leadership team every success in the future."

Moore commented: "I am delighted to be leading LSM in its next phase of evolution. I believe that LSM is uniquely placed to take advantage of the opportunities presented by the innovation taking place in the London market, and it is a privilege to be leading LSM at this exciting time.

"I look forward to engaging with our clients in my new role and to helping them to prosper. I would like to pay tribute to Nick’s leadership of LSM over the past 10 years and to the guidance and support he has provided to me personally as I look to lead on from the excellent position in which LSM now finds itself."

Chris Peirce, president of Liberty Mutual’s global specialty strategic business unit, said: "I want to thank Nick for leading LSM through a very successful period and to wish Matthew and his leadership team every success in the future. Matthew is well known and respected in the industry, and has a deserved reputation for smart thinking and business building."

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