Liberty Speciality Markets (LSM), a member of Liberty Mutual Insurance Group has named Steve McMurray the new chief financial officer (CFO), effective immediately.

McMurray will report to Matthew Moore, president and managing director of Liberty Specialty Markets and Frank Robinson, CFO, Global Risk Solutions.

Prior to joining LSM, McMurray held the position of chief financial officer for BGC Partners Inc, a leading global brokerage business. He brings a wealth of experience from across multiple industries including insurance, having spent nine years at MS Amlin.

Moore, commented: “I am delighted that Steve is joining Liberty Specialty Markets. His experience will be used to drive our finance capability across the LSM group and he will make a significant contribution in ensuring LSM achieves its ambition to become a high-performing financial services organisation of the future.”