Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Liberty Mutual Records $219M Q3 Net Income
Nov 9 2023 // Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time. Timothy Sweeney “Solid underwriting results in our Global...
Liberty Mutual Announces 850 Additional Layoffs
Oct 27 2023 // Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become...
Liberty Mutual to Repay $7.7 Million to Over 86,000 Minnesota Policyholders
Oct 25 2023 // Liberty Mutual has agreed to repay $7.7 million to more than 86,000 policyholders for auto and homeowners insurance policies for allegedly violating several state insurance regulation laws. In a consent order filed with...
Liberty Mutual Posts Q2 Loss of $585M Driven By Catastrophes
Aug 10 2023 // Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion. Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind...
Liberty Mutual to Stop Offering Business Owner’s Policy In California As Costs Bite
Jul 27 2023 // Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses...
Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses
Jul 17 2023 // Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small commercial lines business in long-term strategic markets....
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway
Jul 17 2023 // What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multimillion dollar property policy? In the case...
People Moves: Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions; BMS Re Hires 3 for Fac Team; QBE Canada Hires Liberty Mutual’s Mason as U/W Mgr, Property
Jul 7 2023 // This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada. A summary of these new hires follows here. Swiss Re Taps AGCS’s Shahkarami as Head P&C Solutions Swiss Re has...
Liberty Mutual, Auto-Owners See DPW Jump in Q1
Jul 6 2023 // Though the U.S. commercial auto insurance industry’s 2022 combined ratio came in above 100 for the fourth time in five years, Liberty Mutual and Auto-Owners started 2023 with double-digit growth in direct premiums,...
People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.; Everest Re Hires Good as CISO
Jul 3 2023 // Liberty Mutual Names Johnson President of Field Operations & Marketing, Global Risk Solutions North America Liberty Mutual Insurance, based in Boston, Mass., appointed Ben Johnson as president of field operations &...
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway
Jun 20 2023 // What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multimillion dollar property policy? In the case...
Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion
Jun 15 2023 // Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for €2.3 billion ($2.5 billion), as part of its plan to expand in non-life insurance. Liberty...
Germany’s Talanx Buys Liberty Mutual’s Latin American Business for 1.38 Billion Euros
May 30 2023 // Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition...
People Moves: Aspen Appoints Boon Head of Singapore; Liberty Mutual Hires Patrick Thielen Global Head of Cyber; Guy Carpenter Makes Senior Moves in Europe
May 22 2023 // Aspen Appoints Boon as Head of Singapore; Morely Relocates to London Aspen Insurance Holdings Limited has appointed industry veteran Tay Boon Chuan as head of Singapore, effective June 1. Aspen is headquartered in...
Liberty Mutual Tackling U.S. Personal Lines Challenges
Feb 24 2023 // The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in 2022. President and...
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
Feb 23 2023 // Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty...
Liberty Mutual Launches Global Cyber Office to Better Manage Complex Cyber Risks
Feb 13 2023 // Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build and scale Liberty...
People Moves: Liberty Mutual Names Korte to New Underwriting Leadership Position; CFC Appoints Bailey Cyber Underwriting Leader
Feb 10 2023 // Liberty Mutual Names Korte to New Underwriting Leadership Position Liberty Mutual Insurance has appointed Dieter Korte as Global Risk Solutions North America chief underwriting officer, middle market. Korte has more than...
People Moves: Liberty Mutual Hires Larson From CNA; Markel Names Gendron CFO; Chaplick Joins Risk Strategies
Feb 8 2023 // Liberty Mutual Appoints Larson President, Financial Lines Liberty Mutual Insurance has appointed Paul Larson as president, financial lines for its Global Risk Solutions (GRS) North America division. Before joining Liberty...
Liberty Mutual Considers $1 Billion Latin America Sale
Jan 17 2023 // Liberty Mutual Holding Co. is exploring a sale of its Latin America businesses as part of the US insurer’s divestment plans from non-core markets, according to people with knowledge of the matter. The Boston-based...
