Liberty International Underwriters in Europe (LIU Europe), a division of Liberty Mutual Group, has added to its Strategic Assets Division with the appointment of Michael Shen as Senior Underwriter.
Michael Shen, who will be based in London and report into Matthew Hogg, Vice President, joins from a major international insurer where he was responsible for launching and developing their UK and International Technology and Media E&O book of business. He has nine years of experience working in the PI market, including seven years as an Underwriter. He is ACII qualified with a Classical Studies degree from the University of Newcastle-upon-Tyne.
LIU Europe’s Strategic Assets Division was established earlier this year, under the leadership of Matthew Hogg, to underwrite a range of specialist risks including intellectual property, reputational risks, cyber insurances and non-material damage business interruption.
Commenting on the appointment, Sean Rocks, LIU Europe’s Chief Executive, said: “Michael’s appointment represents the next stage in the development of LIU Europe’s Strategic Assets Division. The growth in demand for these specialist risks reflects an increasing awareness of the potential threat that areas such as computer viruses or data loss can inflict on business operations and reputations.
Michael brings a strong underwriting background to the team and will help us continue our expansion in this dynamic area of corporate risk.”
Source : Liberty Mutual Press Release
