Liberty Specialty Markets (LSM) has brought in Paul Kunzer to lead the development of its new trade credit offering for multi-buyer and excess of loss (XOL) programmes.
In the newly-created role of head of trade credit multi-buyer and XOL, Kunzer will build a team providing solutions to LSM’s brokers and their clients. Based in the company’s Chicago office, he will report to Alex Montoya, president of LSM, Latam, Bermuda and US and Alex Egnell, head of financial risk solutions in North America.
Prior to joining LSM, Kunzer worked at AIG for 19 years in a number of managerial roles in the Americas before taking on the role of global head of multinational and strategic accounts for AIG Trade Credit in 2018. He began his trade credit career as a buyer underwriter at the Export-Import Bank of the United States in 1999. His previous experience in finance includes positions with T Rowe Price Investment Services and The Monitor Group.
Commenting on Kunzer’s appointment, Montoya says: “We are very pleased to have Paul join Liberty Specialty Markets and Financial Risk Solution’s team in North America. He has established a very strong reputation in the global trade credit insurance market and will further position Liberty Specialty Markets as a leader in credit insurance in North America.”
Peter Sprent, head of LSM’s financial risk solutions global product line, adds: “This is a very exciting opportunity for LSM. We have been looking to expand our global financial risks practice to include multi-buyer and excess of loss credit solutions for some time and I am delighted that a market leader of Paul’s standing and experience has joined our global platform.”