Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Liberty Mutual’s 1Q Profit Declines 14.5% to $272M
May 5 2014 // Liberty Mutual Holding Co. Inc. reported $272 million net profit for its 2014 first quarter, a decline of $46 million or 14.5 percent from $318 million net profit reported during the same period in 2013. The Boston-based...
Rescission Decision Averts $43M in Damages in California Case
Apr 16 2014 // Attorneys representing Liberty Mutual Insurance Co. averting what could have been a $43 million payout in damages this week characterized the California court case a cautionary tale for insurers. The case is Heide Kurtz v....
Teens Know Drinking, Texting Risks But Don’t Always Drive Like They Do
Mar 18 2014 // From drinking or texting while driving to using a designated driver, there is a disconnect between what teenagers acknowledge as risky behavior and what they actually admit to doing behind the wheel, according to a survey...
Medical Malpractice Insurer, NJ PURE, Forms Strategic Alliance with LIU
Mar 7 2014 // NJ PURE, a medical malpractice insurer in New Jersey, has entered into a strategic alliance with Liberty International Underwriters (LIU), a division of Liberty Mutual Insurance. According to Eric S. Poe, chief litigation...
Liberty Mutual Swings to Profit; 2013 Full-Year Income Rises 110% to $1.74B
Feb 25 2014 // Liberty Mutual Holding Company Inc. and its subsidiaries today reported net income of $496 million for its 2013 fourth quarter, improving from a net loss of $234 million during the prior-year fourth quarter. The insurer...
Liberty Mutual Enters Malaysian Market with Uni.Asia Capital Acquisition
Feb 19 2014 // Liberty Mutual Insurance Group has announced the company’s entry into Malaysia’s $4.6 billion non-life insurance market with its planned acquisition of Uni.Asia Capital Sdn Bhd’s 68.09 percent stake in...
Liberty Mutual Entering Malaysia with $113 Million Acquisition
Feb 18 2014 // Liberty Mutual Insurance Group in Boston announced the company’s entry into Malaysia’s $4.6 billion non-life insurance market with its planned acquisition of a 68.9 percent stake in Uni.Asia General Insurance...
Liberty Mutual Selling Workers’ Comp Unit Summit Southeast to American Financial
Jan 9 2014 // Liberty Mutual Insurance said it has agreed to sell Summit Holdings Southeast Inc. and its related companies to American Financial Group (AFG) in an all-cash transaction valued at $250 million. Based in Lakeland, Florida,...
Liberty Mutual Enhances Inland Marine Coverage, Partners with NER
Dec 20 2013 // Liberty Mutual Insurance has partnered with the National Equipment Register (NER) to provide its inland marine contractors’ equipment customers increased protection from equipment theft. The insurer is now offering...
Liberty Mutual Group to Buy Rest of Irish Unit from IBRC
Dec 19 2013 // Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn’t already own from failed lender Irish Bank Resolution Corp. The company didn’t...
Goodearl Joins XL from Liberty Mutual for Lloyd’s Business
Dec 11 2013 // The XL Group has appointed Lewis Goodearl as Chief Underwriting Officer UK P&C for its Lloyd’s business. He joins XL from Liberty Mutual Insurance where he was Vice President and Wholesale Manager, responsible...
Liberty Mutual Launches Foreign Package Policy for U.S. Companies
Dec 5 2013 // Liberty Mutual’s Commercial Insurance strategic business unit has expanded its foreign package policy offering by introducing a new product, and by adding a new global crisis management endorsement. The new Global...
Safeco in California to Pay Out $3M For Using Credit Scores
Nov 15 2013 // Safeco Insurance Co. has agreed to pay a $900,000 fine and reform its approval process for homeowners and auto insurance coverage, California Insurance Commissioner Dave Jones announced Friday. Safeco was fined for the...
Liberty Mutual to Enter Mexico with Acquisition of Surety Company
Nov 13 2013 // Liberty Mutual Insurance said it will acquire Mexican surety company Primero Fianzas from Grupo Valores Operativos Monterrey, a private investor group. The company said the acquisition will enable Liberty Mutual Surety, a...
Liberty Mutual Q3 Up 3.4% to $481M; Core Underwriting Results Improved
Oct 30 2013 // Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting...
Liberty Mutual’s Commercial Insurance Unit Names VP for East Division
Oct 2 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Thomas J. Kelley as vice president and managing director for the East division. Based in Philadelphia, Kelley is responsible for...
J.D. Power: Personal Lines Agents Missing out on Opportunities in Renters Segment
Sep 30 2013 // Insurance agents who only focus on homeowners insurance customers are missing a golden opportunity to build long-term relationships with renter customers as their insurance needs grow due to life or circumstance...
Metcalf to Head New Liberty Mutual Specialty Markets Unit
Sep 27 2013 // Liberty Mutual Insurance Group announced that Nick Metcalf has been named President and Group Managing Director of Liberty Specialty Markets, a new operation created by integrating the Company’s existing...
$1.6M Rating Adjustment for Oregon Restaurant and Lodging Association
Sep 4 2013 // Liberty Mutual Insurance’s Northwest business insurance operation announced an overall retrospective rating adjustment of more than $1.6 million for businesses participating in its Oregon Restaurant and Lodging...
Liberty Mutual Commercial Unit Names Martin to Head National Property
Aug 26 2013 // Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general manager, National Insurance Property. Martin will lead a unit that provides...
