Vlad Barbalat Appointed President, Global Risk & Capital Solutions
Liberty Mutual Insurance Chairman, President & Chief Executive Officer Tim Sweeney today announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses. The changes bring GRS and LMI into closer strategic alignment leveraging the company’s competitive strength rooted in mutuality, underwriting excellence and disciplined deployment of capital. The new structure will better serve customers and partners and position Liberty Mutual to deliver on its 2030 aspiration to be the preeminent global insurance and capital solutions partner. GRS and LMI will not be integrating into one business unit as part of this new leadership structure.
Vlad Barbalat has been appointed President, Global Risk & Capital Solutions, and will continue to serve as Chief Investment Officer of Liberty Mutual Group, reporting to Sweeney. Barbalat will have strategic oversight and accountability for delivering Liberty Mutual’s 2030 goals across GRS and LMI.
Matthew Moore will remain President of GRS, reporting to Barbalat, and will continue to be accountable for the performance and operations of GRS. Adam Winn and Patrizio Urciuoli have been appointed Co-Presidents of LMI, continuing to report to Barbalat, and will be accountable for the performance and operations of LMI.
This new structure is effective immediately.
“Liberty Mutual is in the strongest position in its history. We have a great opportunity to connect our risk, capital and technology capabilities so we can move faster and deliver better outcomes for our customers and partners,” said Sweeney. “I have full confidence in the leaders we have in place and in what we will accomplish together as we build toward our 2030 vision.”
“What GRS and LMI share is fundamental — both underwrite risk and deploy capital into uncertainty. Together, they drive economic progress and enable our customers and business partners to build, grow and prosper,” said Barbalat. “That is a rare and powerful combination, and I am looking forward to working alongside Matthew, Adam and Patrizio to deliver on our aspiration as a preeminent insurance and capital solutions firm.”
About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. For more than 110 years we have helped people and businesses embrace today and confidently pursue tomorrow by providing protection for the unexpected and delivering it with care.
A Fortune 100 company with more than 40,000 employees in 27 countries and economies, we are the ninth largest global property and casualty insurer and generate more than $50 billion in annual consolidated revenue.
We operate through three strategic business units: US Retail Markets, providing auto, home, renters and other personal and small commercial lines property and casualty insurance to individuals and small businesses countrywide; Global Risk Solutions, delivering a full range of comprehensive commercial and specialty insurance, reinsurance and surety solutions to mid-size and large businesses worldwide; and Liberty Mutual Investments, deploying more than $100 billion of long-term capital globally across its integrated platform to drive economic growth, power innovation and secure Liberty Mutual’s promises.
