Liberty Mutual Reinsurance, the global reinsurance underwriting arm of the US insurance group, has hired an executive with experience of the traditional and alternative or ILS capital sides of the market, appointing Ly Lam to a newly created Chief of Staff position.
As Chief of Staff for Liberty Mutual Re, Ly Lam will be tasked with strategic work to support the leadership of the company, helping to implement objectives to solidify and grow the business.
Lam’s experience is gathered from across the reinsurance underwriting side of the business, but has included a collateralised reinsurance and retrocession focus as well as traditional.
Her career began in earnest in 2005 when Lam joined re/insurer Aspen, then progressing through the business to eventually become CFO Reinsurance for Aspen in London in 2010.
After leaving Aspen in early 2015, Lam moved to Bermuda and became the Chief Operating Officer of retrocession focused investment manager CATCo.
During her time at CATCo, Lam worked on the sale of the retro reinsurance investment fund manager to Markel, leaving her full-time position at the firm in 2016 but then staying on as a consultant for a time.
Later in 2016, Lam joined MS Amlin as its COO and Head of Strategy, Reinsurance.
The following year, specialist London headquartered insurance and reinsurance linked securities investment manager Leadenhall Capital Partners added Ly Lam to its board of management as a representative of MS Amlin.
Lam moved on from MS Amlin in 2018, becoming a consultant for a few years and also working at the Credit Suisse ILS backed reinsurer Bernina Re for a time.
As Chief of Staff at Liberty Mutual Re, based in London, Lam can bring experiences from across the reinsurance industry balance-sheet to the company, as it looks to continue driving growth.