Liberty International Underwriters Names Valoree Celona as Head of Medical Professional Liability

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Feb 13, 2015, 06:11 ET

NEW YORK, Feb. 13, 2015 /PRNewswire/ -- Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has named Valoree Celona to its recently-created position of senior vice president of Medical Professional Liability Insurance. Based in LIU's New York office, Ms. Celona will oversee LIU's national Medical Malpractice underwriting team and spearhead expansion of LIU's current medical malpractice offerings.

"With the healthcare sector positioned for strong growth over the next decade, this is the right time to expand our presence in the professional liability market and build upon our already successful medical malpractice offering," said Carl Pursiano, senior vice president and chief underwriting officer for LIU Specialty Casualty. "Valoree's more than 25 years of experience in program business, open brokerage, and reinsurance will be invaluable as she and her team work to broaden our book of business through innovative product offerings and key corporate relationships."

LIU's existing medical malpractice programs provide medical professional liability coverage for individual physicians and approximately 200 classes of allied health professionals, including a wide variety of nursing specialties; physical, occupational, and other types of therapists; mental health professionals; and students of allied health.

"The projected workforce growth in the healthcare sector offers us an opportunity to expand our professional liability offerings and help brokers and their clients meet emerging coverage needs," said Ms. Celona. "I am excited to join LIU and work with this team of dedicated medical professional underwriters and specialized medical malpractice claims professionals, as we seek out those areas that best fit LIU's expansion strategy for medical malpractice."

Contact Ms. Celona at [email protected] or 212-898-4377

About Liberty Mutual Insurance

Liberty Mutual Insurance helps preserve and protect the things people earn and own and build and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual Insurance, together with its subsidiaries, is a diversified insurer with operations in 30 countries around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance is ranked 76^th on the Fortune 100 list of largest corporations in the U.S. based on 2013 revenue. As of December 31, 2013, Liberty Mutual Insurance had $121.2 billion in consolidated assets, $102.2 billion in consolidated liabilities, and $38.5 billion in annual consolidated revenue.

Liberty Mutual Insurance employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.

Liberty International Underwriters is part of the Global Specialty lines division of Liberty Mutual Insurance.

Liberty International Underwriters is the marketing name for the broker-distributed specialty lines business operations of Liberty Mutual Insurance. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds. This literature is a summary only and does not include all terms, conditions, or exclusions of the coverage described. Please refer to the actual policy issued for complete details of coverage and exclusions.

Contact:
Adrianne Kaufmann
617-574-5983
[email protected]

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SOURCE Liberty Mutual Insurance