In September 2026, Liberty Mutual Investments appointed Paschal Brooks to the new role of Head of Insurance Solutions and Capital Markets. The appointment took effect on September 21. His team will work with Global Risk Solutions on structures connecting insurance risk with investment capital. The appointment is a statement of intent, not evidence of a completed capital-markets transaction.

A more coordinated approach could broaden options for insurers and captives beyond retained capital and conventional reinsurance. Potential structures may offer multi-year or customised protection, but their value depends on coverage terms, collateral, counterparty exposure, liquidity and the total cost after fees. Buyers should first specify the loss they want to transfer and then compare financing instruments.

For boards, the main control is transparency. Underwriting, investments and structuring can create competing incentives within one group. A decision pack should show the legal entity bearing tail risk, stress losses, capital effect, accounting treatment, conflicts and comparison with ordinary reinsurance. An independent non-executive director on a captive board should challenge the economic purpose and any valuation or reserve assumption.

Liberty Mutual also announced the appointment of a separate Head of Capital Solutions for Global Risk Solutions (GRS), Shaun Sinniah, due to take effect on September 28. Sinniah will report to GRS President Matthew Moore. The newly created role supports GRS’s strategy to strengthen the connection between its risk and capital capabilities. Sinniah will focus on developing new business opportunities and expanding how GRS deploys capital to create value for its customers and partners.   The market signal is greater coordination among insurance capacity and investor capital; the outcomes of that coordination remain to be demonstrated.

The new insurance and investment roles should have a documented decision map. Buyers can ask who prices a transaction, who validates the model and who bears unexpected losses or collateral calls.