Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Safeco Hosts Internet Broadcast of Financial Results
Dec 21 2005 // Safeco is hosting an Internet broadcast of its conference call to discuss fourth-quarter and year-end financial results. The broadcast will be held 11 a.m. (EST) on Jan. 24, 2006, at www.safeco.com/webcast. To hear the...
Liberty Mutual Hires Former 9/11 Fund Head to Mediate Hurricane Claims
Dec 19 2005 // Liberty Mutual Insurance Company has hired the mediator who oversaw the Sept. 11 Victim Compensation Fund to help settle insurance claims filed by homeowners after hurricanes Katrina and Rita. The Boston insurer’s...
Business Moves
Dec 18 2005 // U.S. Risk Insurance Opens Irvine, San Diego Offices U.S. Risk Insurance Group Inc. has opened a Irvine, Calif., office and a satellite office in San Diego. Scott T. Carroll has joined the company as vice president and...
Rosput Reynolds Named Safeco President; Brown Elected Non-Executive Chairman of the Board
Dec 7 2005 // Safeco announced that Paula Rosput Reynolds has been named the company’s new president and chief executive officer effective Jan. 1, 2006. Reynolds also was appointed to Safeco’s board of directors. Reynolds,...
SAFECO SEES AFTER-TAX LOSSES FROM WILMA AT $29 MILLION
Dec 5 2005 // Seattle-based Safeco has announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. Those...
News Briefs
Dec 4 2005 // New Online License Service Available for Wash. Agents and Brokers Insurance agents, brokers and other insurance professionals licensed to transact business in Washington can now print copies of their licenses from their...
Liberty Mutual Captive Management Now in Montana, Cayman Islands
Dec 2 2005 // Now Montana and the Cayman Islands have something in common: Liberty Mutual Alternative Markets. Over the summer, Liberty Mutual gained approval to establish Liberty Mutual Management (Cayman) Ltd and authorization to...
Safeco Board of Directors Announces Share Repurchase Plan
Dec 2 2005 // Safeco has announced that its board of directors has increased the company’s share repurchase authorization to 10 million shares, including shares that remain available for repurchase under previously approved...
Safeco Names McNichols Vice President for Audit Services
Nov 30 2005 // Seattle-based Safeco has named Robert McNichols vice president – Audit Services effective Dec. 5, 2005. In this role, he will be responsible for overseeing internal audits and reviews of the company’s financial...
Liberty Mutual Launches Online Business Interruption Training Tool
Nov 29 2005 // Liberty Mutual Property has launched online training capabilities for business interruption coverage, designed to address the most confusing and complicated aspect of property insurance. The Web-based training program...
Safeco Automates Sales for Mid-Market Commercial Accounts
Nov 18 2005 // Seattle-based Safeco has announced it has fully automated the sale of commercial insurance packages to more than 800 classes of small- and mid-sized businesses. In 16 states and the District of Columbia, independent agents...
Liberty Mutual Manages Workers’ Comp Using Group Health Analysis
Nov 16 2005 // Over the past several years, risk managers faced a staggering one-two punch. First, workers’ compensation medical costs exploded, growing faster than inflation. Then, medical treatment passed wage payments to become...
Safeco Sees After-Tax Losses from Wilma at $29 Million
Nov 10 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. These figures...
Safeco Automating Sales Process for Mid-Market Commercial
Nov 8 2005 // Safeco announced it is one of the first insurance companies to fully automate the sale of commercial insurance packages to more than 800 classes of small- and mid-sized businesses. In 16 states and the District of...
Best Upgrades Public Data Rating for Liberty Mutual Insurance Europe
Nov 2 2005 // A.M. Best Co. has upgraded the public data rating to A- (Excellent) from B+ (Very Good) of Liberty Mutual Insurance Europe Limited (LMIEL) (United Kingdom). Public data (pd) ratings reflect a quantitative analysis of a...
Safeco Unveils Q3 Report; Hurricanes Play Major Role
Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...
Safeco: Rita Losses at $27 Million
Oct 11 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Rita of $27 million, or $0.21 per diluted share. Pretax catastrophe losses from the storm are estimated at $42 million. These figures...
Fiebrink Tabbed as President, COO for Wausau Insurance Companies
Oct 4 2005 // Wisconsin-native Mark Fiebrink, an executive vice president for the Liberty Mutual Group, was named president and chief operating officer of Wausau Insurance. Fiebrink replaces Joe Gilles, who will assume a new leadership...
Safeco Estimates Katrina After-Tax Losses at $78M
Sep 27 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Katrina of $78 million, or $0.61 per diluted share. Safeco’s gross pretax losses before reinsurance are estimated to be $170...
Despite Drop in Workplace Injuries, Financial Impact Remains Significant
Sep 20 2005 // While risk managers, safety directors and senior financial executives cut the number of the most serious workplace injuries, those accidents continue to hit the bottom-line of employers hard, according to two Liberty...
