Liberty Mutual announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses late last week, appointing Vlad Barbalat president of Global Risk & Capital Solutions.

Barbalat is, and will continue, to serve as chief investment officer of Liberty Mutual Group, reporting to Chairman, President and Chief Executive Officer Tim Sweeney. Barbalat will have strategic oversight and accountability for delivering Liberty Mutual’s 2030 goals across GRS and LMI, the insurer said in a media announcement.

GRS and LMI will not be integrating into one business unit as part of this new leadership structure.

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.

According to Liberty Mutual, 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.

“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, in the media statement.

Sweeney said: “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.”

Liberty Mutual believes the new leadership structure will also position it to deliver on a 2030 aspiration to be the preeminent global insurance and capital solutions partner.

Source: Liberty Mutual Insurance