Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
S&P Puts Liberty and Safeco on CreditWatch Negative
Apr 23 2008 // Standard & Poor’s Ratings Services has placed its ratings on both Liberty Mutual Group Inc. (LMGI) and Seattle-based Safeco Corp on CreditWatch with negative implications, following the announcement that Liberty...
Business Moves
Apr 21 2008 // ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price...
Business Moves
Apr 21 2008 // ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price...
Business Moves
Apr 21 2008 // Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in...
Liberty Mutual Launches Specialty Products Group
Apr 3 2008 // Liberty Mutual Agency Markets has announced a new product line and distribution channel for its newly-created Specialty Products Group, which has been formed by the consolidation of Liberty Mutual Surety, the former Ohio...
People
Mar 24 2008 // The Hartford’s Chief Financial Officer David M. Johnson plans to step down later this year. He has served as the company’s top financial officer since 2001, and will remain in the position until a successor is...
XL Chooses Ex-Safeco CEO McGavick to Replace O’Hara
Mar 17 2008 // XL Capital Ltd. has named Michael S. McGavick as its next CEO. He will officially join XL on May 1, succeeding Brian M. O’Hara, XL’s CEO for the last 13 years, who announced in October 2007 that he would retire...
Business Moves
Mar 10 2008 // Progressive, Massachusetts Progressive Insurance said it plans to begin selling personal auto insurance in Massachusetts starting May 1 if state regulators approve the company’s rate filings, which it submitted to...
Best Affirms Liberty Mutual’s ‘A’ Rating; Outlook Stable
Mar 7 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Liberty Mutual Insurance Companies and Liberty Insurance Holdings and...
Liberty Mutual to Add 300 Jobs in New Western Mass. Office
Feb 29 2008 // Boston-based Liberty Mutual Insurance will open a 300-person office in Springfield, Mass. in the third quarter to handle growth, some of which is expected from the state’s move to a managed competition auto insurance...
Safeco Names Newgarden SVP, Underwriting for Personal Insurance
Feb 13 2008 // Thomas Newgarden has joined Seattle-based Safeco as senior vice president of underwriting for Safeco Personal Insurance. Previously, Newgarden was senior vice president and chief underwriting officer of AIG Private Client...
Liberty Mutual’s Profit Dips Almost 7% in 2007
Feb 11 2008 // Liberty Mutual Group said its 2007 profit dipped nearly 7 percent compared with unusually strong 2006 results, as greater insurance industry competition led to pressure to cut policyholder rates. The nation’s...
Ratings Recap: Liberty Mutual, Unum, Baldwin & Lyons
Jan 30 2008 // Fitch Ratings has upgraded the following ratings of the Liberty Mutual Group (LMG): –Issuer Default Rating (IDR) to ‘BBB+’ from ‘BBB’; –Senior Unsecured Notes to ‘BBB’ from...
People
Jan 27 2008 // Swett & Crawford appointed Meredith Dyson as senior vice president. Dyson, who will assist the company with its marketing efforts and other related activities, will be based in New York. Most recently, Dyson was with...
Chartier to Head Safeco’s Marketing and Distribution
Jan 24 2008 // Safeco has named Kirk Chartier senior leader of Distribution and Strategy. The announcement was made here by Paula Reynolds, the company’s president and chief executive officer. At Safeco, Chartier will oversee the...
Court: Hockey-Stick Injury Could Be Considered an Accident
Jan 10 2008 // Putting itself in the skates of an 8-year-old, the Utah Supreme Court reinstated a lawsuit Tuesday filed by a woman whose son was smacked in the head with a hockey stick while teasing another player. A key issue: Did...
Safeco Names Northeast Regional Exec, Sales and Marketing VP
Jan 9 2008 // Safeco announced that Paul Chmura has joined the company as Northeast regional executive. Chmura comes to Safeco from The Hanover Insurance Group, where he served as the regional vice president of sales and distribution...
Liberty Mutual Gives Top Coach Award to Zook at Illinois, 3 Midwest Coaches
Dec 31 2007 // Their teams amassed 43 wins this year against a mere eight setbacks; their student-athletes displayed exceptional discipline on the field, integrity off the field, and excellence in the classroom; and they exercised their...
The Road to Texas Supreme Court’s Heart: Through the Fifth Circuit
Dec 23 2007 // 2007 was a year in transition for Texas insurance law Omar Bradley often said, “Set your course by the stars and not by the light of every passing ship.” In 2007, the Texas Supreme Court failed to heed this...
Safeco To Discuss Quarterly, Year-End Results during Webcast
Dec 21 2007 // Seattle-based Safeco will be hosting a live Internet broadcast of its conference call to discuss fourth-quarter and year-end financial results on Thursday, Jan. 31 at 5 p.m. EST. A live Webcast of the presentation will be...
