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Liberty Specialty Markets names new CFO and head of claims in Bermuda

July 09, 2019

Liberty Specialty Markets (LSM), a member of Liberty Mutual Insurance Group, has promoted Steven Beadle as chief financial officer (CFO) and Chen Foley as head of Bermuda claims, effective immediately.

Liberty announced the integration of its Ironshore Bermuda businesses and brands into a single business branded as Liberty Specialty Markets Bermuda in December last year.

Beadle joined Ironshore in 2008 and was made corporate controller in 2017 after having served for three years as financial controller (Bermuda). Steven will report to Steve Horton, president of LSM Bermuda and Steve McMurray, chief financial officer of LSM.

Foley was previously head of claims for Iron-Starr. In his new position, he will help bring together the former Ironshore business lines and property claims teams. He will report to Steve Horton and Mike Gillett, chief claims officer, Liberty Specialty Markets.

Horton, president of LSM Bermuda, said: “Both Steven and Chen have played major roles in the development of the Bermuda platform and Ironshore’s integration to LSM. The Bermuda platform continues to grow and we have recently added a reinsurance offering. We are focused on continuing to deliver excellent service to our clients and brokers, whilst building our product suite and new carrier partnerships. Steven and Chen are key to our ongoing success and I congratulate them both on their respective promotions.”