Liberty Specialty Markets appoints Richard Richards to the head of property direct and facultative. Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, is pleased to announce the appointment of Richard Richards as head of property direct and facultative (D&F), effective immediately. Based in London, Richards will report to Kevin Demmon, divisional director, property, UK and MENA. Richards will be responsible for leading Liberty's London property D&F team, overseeing the portfolio and setting the strategic direction for sustainable growth through strong underwriting performance. Demmon said: "We are delighted to welcome Richard to the team as we continue to develop and enhance our property D&F portfolio. His wealth of knowledge across the D&F market will help Liberty to continue to augment its international property offering." Richards has more than 20 years' experience in property D&F. He was previously at Chaucer Syndicates where he spent 10 years as a senior class underwriter and prior to that worked at Allianz and Zurich.

Liberty Mutual to acquire Brazilian surety business. U.S.-headquartered Liberty Mutual Holding Company Inc. has agreed to acquire Brazilian firm Austral Seguradora SA, Coverager reported. The acquisition, which includes Austral's surety, financial lines and casualty business, will make Liberty Mutual one of the largest surety providers in Brazil. October 15, 2026 October 14, 2026

Liberty Mutual Investments, Thayer Street back SunHaven Management. Liberty Mutual Investments, the investment firm for Liberty Mutual Group, and Thayer Street Partners have formed a strategic partnership to pursue joint investments in companies across real estate and related services. In conjunction with the partnership, the firms are investing alongside other investors in SunHaven Management, a national community association management platform. The collaboration follows LMI and Thayer Street's earlier joint investment, alongside other investors, in Grove Point Marinas, an acquirer and operator of U.S. marina properties. Founded in 2025, SunHaven Management partners with founders of independently owned community management firms across the U.S., providing owners with a succession path while seeking to improve revenue and margins through centralized operations, AI-enabled efficiencies and expanded ancillary services. The company is also developing technology designed to support operational growth and improve the experience of homeowners and community boards. Caterpillar Acquires John Fabick Tractor Company The company provides Caterpillar equipment, services, technology and related expertise to customers throughout its markets. To read the entire story, you must be logged in. Long Lake Management Completes $6.3B Acquisition of Amex GBT Amex GBT provides software and services for travel, expense and meetings and events management. To read the entire story, you must be logged in. Rising Point Capital Management Closes $325M Inaugural Fund The firm has made investments in sectors including industrial services, energy transition, infrastructure, environmental and waste services and more. To read the entire story, you must be logged in. Portage Point Names Steven Shenker Co-Head of Turnaround & Restructuring Services Shenker joined Portage Point as a senior vice president in 2020. To read the entire story, you must be logged in.