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Digital EditionThe 2026 Executives to Watch: Liberty Mutual’s Neal Bhatnagar
Liberty Mutual’s Neal Bhatnagar is building a major accounts organization focused on collaborative solutions and strategic talent development. The commercial insurance landscape has rarely been more challenging for large companies. Legal, operational and macroeconomic pressures are creating risk management complexity.
Neal Bhatnagar, president, major accounts,
Global Risk Solutions North America, Liberty
Mutual
For organizations with sophisticated operations spanning multiple jurisdictions, traditional insurance approaches are proving insufficient to address these interconnected challenges. This environment demands a new kind of insurance leadership — one that views major accounts not as transactions but as partnerships requiring deep expertise, innovative thinking and genuine collaboration.
Neal Bhatnagar, president of major accounts at Liberty Mutual’s Global Risk Solutions North America, and a 2026 Risk & Insurance Executive to Watch, represents this evolving approach to serving large commercial clients.
“Large companies face a wave of increasingly complex risks — from rising litigation costs and evolving liability exposures to economic uncertainty and operational disruption,” Bhatnagar said. “My team is committed to tackling these industry challenges by delivering integrated, client-focused solutions.”
Managing a $3 Billion Portfolio of Complexity
Since being named to his role earlier this year, Bhatnagar has taken on responsibility for a diverse and substantial portfolio that spans the full spectrum of major accounts insurance needs. He oversees more than $3 billion in premiums across primary and excess casualty, large single carrier property, marine, equipment breakdown, and Liberty Mutual’s wholly owned third-party administrator, Helmsman Management Services.
This breadth of responsibility reflects the evolving nature of risk for large companies, where exposures rarely fit neatly into single coverage lines. Under Bhatnagar’s leadership, the major accounts group is focused on leveraging this diverse product suite to create holistic, creative, and bespoke solutions for its large customer base.
“We combine tailored coverage with advanced risk mitigation strategies and responsive claims support to help companies — and the brokers who support them — manage volatility and protect their operations,” Bhatnagar said. “Our approach is grounded in combining industry expertise with deep insight into each client’s business, so we’re not just providing critical capacity, we’re helping them reduce costs, remove barriers, and move confidently forward.”
The scale of Bhatnagar’s mandate extends beyond premium volume. He is accountable for the financial and operational performance of a segment that partners with risk managers at large companies and the brokers who support them to better understand, mitigate, and manage complex risks. This requires not just insurance expertise but the ability to align diverse teams and capabilities across Liberty Mutual’s organization.
Marc Orloff, GRS North America president, highlighted these qualities when announcing Bhatnagar’s appointment: “Neal’s strategic approach, deep expertise and inclusive leadership style made him the ideal candidate to continue to deliver value to our largest clients and their brokers,” Orloff said. “He has a proven ability to respond to an ever-changing landscape with care, expertise, and an unwavering focus on partnering to find solutions.” &
Neal Bhatnagar has been selected as a 2026 Risk & Insurance® Executive to Watch. To see the other executives selected this year, visit here.
