Liberty Mutual hires underwriting consultant for the sharing economy

Liberty Mutual Insurance has appointed Max Libman as lead underwriting consultant for the sharing economy and new mobility.

Libman is a former innovation underwriter at Munich Re Specialty Insurance, who has also held underwriting roles at AIG and Marsh.

Libman joins Liberty Mutual's dedicated sharing economy and new mobility practice, which was launched earlier this year. He works alongside brokers and buyers to provide custom risk management solutions and reports to the senior vice president and chief underwriting officer of the sharing economy and new mobility practice, David Blessing.

The practice combines elements from the group’s commercial and personal lines to provide a full range of solutions aimed at ride-hailing, vehicle-sharing, car subscription and autonomous vehicle companies. The team also includes Steve Brown, lead underwriting consultant, who has over 25 years of experience in underwriting casualty and global risks, and recently received Liberty Mutual's top employee award for his sharing economy product innovation.

Risk solutions for these companies require innovative insurance products and services and typically involve companies sharing some portion of the risk, Liberty Mutual explained.

Blessing said: "We started embracing this sector more than a decade ago, and today work with some of the leading companies in the space, from Care by Volvo to Turo, the largest peer-to-peer car sharing platform in the US.