LM Re, part of Liberty Mutual Insurance Group, has announced the appointment of Mark De La Mare to the role of Head of Australia and New Zealand, effective October 2024 and reporting to James Green, Head of Property, London and John McCabe, Chief Operating Officer, Asia Pacific. De La Mare will be leading the LM Re underwriting team based in Sydney, playing a pivotal role in LM Re’s strategy for the region.

The establishment of LM Re Australia marks a significant development, replacing the ARUS MGA that previously managed LM Re’s Australasia portfolio written through Lloyd’s. The new team will continue the build out of Liberty’s existing business in Australia, and demonstrates our commitment and continuity to our clients, aligning with LM Re’s goal to provide direct and customised reinsurance solutions to our key markets.

De La Mare brings more than 15 years of experience in the reinsurance sector and has worked extensively with catastrophe risk modelling and strategic reinsurance placements. His comprehensive background across all classes of reinsurance in both the London and APAC markets equips him with a unique perspective and a broad skill set to drive LM Re’s strategic initiatives in Australia and New Zealand.

James Green said: “We are very pleased indeed to welcome Mark to LM Re to develop and strengthen the local reinsurance presence we have built in the region. Mark’s deep industry knowledge and experience will be invaluable as we strengthen our operations in Australia and New Zealand.

“We also extend our sincere gratitude to John Bubb and Richard Wareham for their 14 years of exceptional service at ARUS and contributions to our business. Their efforts have laid a strong foundation upon which Mark will build, ensuring a seamless transition and continued excellence in service delivery.”

De La Mare joins LM Re from Aon’s Reinsurance Solutions, where he held the position of Head of Property, Australia.

View the original article on the LM Re website.