Two major insurance organisations have announced senior appointments aimed at strengthening their cyber and professional indemnity capabilities.
Liberty Specialty Markets names new head of cyber and technology E&O
Liberty Specialty Markets (LSM), part of Liberty Mutual, has appointed Oliver Delvos (pictured) as head of cyber and technology errors and omissions for Europe, effective December 1. He succeeds Jelmer Andela, who is transitioning to the role of global commercial director for cyber at Liberty Mutual.
Based in Germany, Delvos will report to Pierre-Edouard Fraigneau, president and chief underwriting officer for Europe at LSM. In his new role, he will oversee the European execution of Liberty’s global cyber strategy and support the continued development of the insurer’s cyber portfolio across the region.
Delvos brings more than 15 years of experience in the international insurance market. Prior to joining LSM, he was managing director at Corvus Insurance, where he led the expansion of its European and international operations. He holds degrees in law and economics.
LSM noted that the appointment supports its “Invest in Europe 2030” strategy and follows a period of strong performance for the wider Liberty Mutual group, which reported significant year-on-year profitability growth in the third quarter driven by improved underwriting results, lower catastrophe losses and robust investment income.
Folgate strengthens professional indemnity division with two senior hires
In a separate move, Folgate Underwriting Agency Limited has expanded its professional indemnity (PI) team with two senior appointments.
Mathew Harvey has been named head of professional indemnity, while Debbie Farman has been appointed head of PI renewals. Both will report directly to CEO Ian Russell.
Harvey and Farman join from Aqueous Underwriting, bringing a combined 50 years of experience to Folgate. Their arrival marks a significant enhancement of the agency’s PI capabilities as it continues to grow its specialist product offerings.
Folgate has also recently launched its Contractors Combined product, designed to support brokers handling risks within the construction sector. The individually underwritten policy aims to simplify complex placements by providing a comprehensive, streamlined approach to construction insurance.
