To help risk managers and brokers serving the energy industry better understand and manage risk, Liberty Mutual will present the “Risk Management Best Practices for Emerging Risks” workshop at the upcoming International Risk Management Institute’s Energy Risk and Insurance Conference.
“The energy industry faces a host of complex and emerging risks,” notes Matt Waters, chief underwriting officer for Liberty Mutual Insurance’s Commercial Insurance energy practice. “How energy companies manage these directly impacts their bottom lines, employees and the public.”
The workshop – which features Waters and Ken Updike, a well-known Liberty Mutual energy risk engineer – takes place on Wednesday, March 5, 2014. It will review how energy companies can better control the total cost of insurance by carefully managing:
- Lease operations – Including fracking, pollution concerns and associated ALAE expenses
- Fleet operations – From vehicle maintenance to driver qualification and fatigue
- Risk management program structure – Balancing risk transfer with risk retention to best protect the company’s capital, reputation, and employees
“As a leader in the onshore energy services industry, Liberty Mutual is at the forefront of dealing with these complex hazards and risks - from oil fields and pipelines to electric and gas utilities,” says Waters. “Everything we do is designed to lower a client’s total cost of risk.”
More on the presentation can be seen at http://libertymutualenergy.com.
About Liberty Mutual Insurance
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.
Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, commercial automobile, general liability, property, workers compensation, global specialty, group disability, group life, reinsurance, surety, individual life and annuity products. Liberty Mutual Insurance (www.libertymutualinsurance.com) employs more than 50,000 people in approximately 900 offices throughout the world.
- Oil, Gas, & Consumable Fuels
- Liberty Mutual
- Matt Waters
Richard Angevine, 617-574-6638