Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Business Moves
Jun 16 2008 // Max Specialty, Guaranty Casualty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an...
Liberty Mutual, Negley Offer Behavioral Health Care Agency Package
Jun 10 2008 // Retail and wholesale brokers working with Negley Associates can now add workers compensation coverage to their clients’ professional liability, general liability, directors and officers liability, excess liability...
Safeco Teen Driver Program Rolled Out Nationwide
Jun 9 2008 // Seattle-based Safeco announced that its safe teen driving solution, Teensurance is now available nationwide. Teensurance offers a set of online tools to encourage safe driving, including a GPS-based device – the...
Maryland Fines Liberty Mutual Over Rate Notice Computer Glitch
Jun 6 2008 // Maryland Insurance Commissioner Ralph S. Tyler has fined Liberty Mutual companies for failure to issue proper notices of proposed rate increases to consumers. Liberty Mutual was fined $25,000 and returned nearly $450,000...
Liberty Mutual-Safeco Deal Clears Antitrust Hurdle
Jun 4 2008 // The period during which federal officials might raise antitrust concerns over Liberty Mutual Group’s proposed acquisition of Safeco Corp. has expired. The expiration of the waiting period under the Hart Scott Rodino...
Liberty Mutual to Partner with Dabur to Form Indian Insurance Company
Jun 3 2008 // The Liberty Mutual Group announced that it and its partner Dabur GI Invest Corp plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution...
Oregon Collision Shops Give State Farm High Customer Service Marks
May 27 2008 // State Farm and several smaller Northwest-based auto insurers continue to be among the best at taking care of their customers after an accident. And some of the other larger, best-known insurers –including...
Ratings Roundup: Liberty Mutual, PMA, Selective, Lititz, Brethren
May 20 2008 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ junior subordinated debt rating to Liberty Mutual Group Inc.’s (LMGI) Series C junior subordinated notes in an amount up to $1.25...
Washington Commissioner Seeking Contractors to Review Safeco Acquisition
May 20 2008 // Washington’s Insurance Commissioner’s Office is currently seeking proposals from consultants in the areas of accounting and legal services to review the proposed sale of Safeco Insurance Companies to Liberty...
Business Moves
May 19 2008 // AmWINS, Beacon Risk Strategies Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not...
Safeco and Costco Partner to Offer Business Insurance in Test States
May 7 2008 // Costco and Safeco are offering business insurance to businesses that are Costco members, effective May 2008. According to information on Costco’s Web site, Costco business members may secure up to a 10 percent...
Liberty Mutual Group First Quarter Results ‘Solid’
May 6 2008 // Boston-based Liberty Mutual Group reported net income of $360 million for the three months ended March 31, 2008, an increase of $10 million over the same period in 2007. Net written premium for the first quarter was $6.256...
Declarations
May 5 2008 // Boon for Buyer “This is the opportunity to take West Coast inventiveness and launch it with a global brand at a substantial premium to Safeco shareholders.” —Safeco President and CEO Paula Roseput Reynolds,...
People
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...
Business Moves
May 5 2008 // BB&T Insurance Services, Union Bank of California Raleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary,...
Liberty Mutual to Acquire Safeco Insurance in $6.2 Billion Deal
May 5 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
Safeco a ‘Good Fit,’ Says Liberty Mutual Agency Market’s Gregg
May 5 2008 // Safeco and Liberty Mutual Agency Markets companies are a “great fit” geographically and by line of insurance, according to Gary Gregg, president of Liberty Mutual Agency Markets. He said Safeco’s strength...
Liberty’s Ratings Remain Unchanged, Says A.M. Best
Apr 24 2008 // The ratings of Liberty Mutual Insurance Cos. and its members remain unchanged following yesterday’s announcement that Liberty Mutual Group Inc. (LMGI), through its operating subsidiaries, will be acquiring Safeco...
Liberty Mutual Unearths ‘Green’ Commercial Property Coverages
Apr 23 2008 // With green building construction starts expected to increase 400 percent in the next two years according to construction experts, Liberty Mutual Property, part of Liberty Mutual Group, has introduced a collection of...
Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
