Liberty International Underwriters in Europe (LIU Europe), a division of Liberty Mutual Group, has expanded its Strategic Assets division with the appointment of Michael Shen as senior underwriter.
Shen will be based in London and will report to Matthew Hogg, vice president. He will join from an 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.
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.
LIU Europe chief executive Sean Rocks said Michael appointment represents the next stage in the development of LIU Europe’s Strategic Assets. 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," Rocks said.