Latest Liberty Mutual Headlines

Sep 19 2005 // Saylor & Hill has announced that three senior associates of the firm have been promoted to principal. Tim Sweeney, Kevin Mirsky and Chris Williams, each of whom has worked for the firm for more than a decade, will...

Safeco Launches Special Relief Effort in Response to Hurricane Katrina

Sep 7 2005 // Safeco has launched a special disaster-relief effort to deliver financial assistance, equipment and free support services to help independent insurance distributors recover from Hurricane Katrina. This relief effort —...

News Briefs

Aug 22 2005 // ALABAMA Hurricane Sales Tax Measure Dies An effort was mounted during Alabama Legislature meetings to grant a sales tax break on necessary supplies to prepare for a hurricane but the measure did not pass. Its sponsor Rep....

Liberty Mutual Affirmed

Aug 22 2005 // Fitch Ratings affirmed the “A-” insurer financial strength ratings on the members of the Liberty Mutual inter-company pool and revised the rating outlook on pool members to stable from negative. Additionally,...

Eitel Appointed to Safeco Board of Directors

Aug 15 2005 // Seattle-based Safeco’s board of directors has appointed Maria S. Eitel as director, effective Aug. 11, 2005. She will serve on the board’s Nominating/Governance Committee and will stand for election at the...

Safeco’s Mead Announces Retirement Plans Effective Dec. 31

Aug 11 2005 // Christine Mead, Seattle-based Safeco’s chief financial officer and president of Service, Technology and Finance, announced plans to retire effective Dec. 31, 2005. Mead joined Safeco in January 2002 as senior vice...

Safeco Declares Regular Dividend

Aug 3 2005 // Safeco declared a regular dividend of $0.25 per share on its common stock. The dividend is payable Oct. 24, 2005 to shareholders of record on Oct. 7, 2005.

Liberty Mutual Adds Web-Based Rating for Agents

Jul 28 2005 // Liberty Mutual Group’s Agency Markets business unit has partnered with Rackley Solutions to provide real- time access to auto, home and package rates through SETWrite, Rackley’s Web-based rating product. The...

Safeco Stops Writing New P/L Property Policies in Fla.; Will Stop Renewing Them in 2006

Jul 26 2005 // As of July 26, Safeco stopped writing new personal property policies in Florida and has notified the Florida Office of Insurance Regulation that at the beginning of 2006, it plans to stop renewing personal lines property...

Safeco Repurchases 2.75 Million Shares

Jul 25 2005 // Safeco announced it has repurchased 2.75 million shares, or approximately 2.15 percent of its outstanding common stock, through an Accelerated Share Repurchase (ASR) program. The shares were purchased from a dealer (JP...

Fitch Affirms FSR on Liberty Mutual

Jul 19 2005 // Fitch Ratings has affirmed the ‘A-‘ insurer financial strength ratings on the members of the Liberty Mutual Inter-company Pool (Liberty Mutual Pool) and has revised the Rating Outlook on pool members to Stable...

People & Places

Jul 18 2005 // David Porter Majestic Insurance Companyannounced the appointment of David Porter to the new position of marketing manager for Southern California. Porter has more than 25 years of experience in the industry. Prior to...

Gregg has held a number of executive positions within Liberty Mutual’s commercial insurance operations since joining the

Jul 18 2005 // OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive officer....

Jul 18 2005 // Majestic Insurance Company announced the appointment of David Porter to the new position of marketing manager for Southern California. Porter has more than 25 years of experience in the industry. Prior to joining Majestic,...

McGavick Announces Plans to Leave Safeco

Jul 18 2005 // Safeco Chairman and Chief Executive Officer Mike McGavick announced plans to leave his CEO post, effective Aug. 31, 2005. He will retain his duties as chairman of the board and will provide other transitional leadership as...

People & Places

Jul 18 2005 // Mike Miller OneBeacon Insurance Group, a wholly owned subsidiary of White Mountains Insurance Group Ltd., announced that Mike Miller, its current chief operating officer, has been appointed president and chief executive...

Safeco Team Deployed to 3 States for Hurricane Dennis

Jul 12 2005 // Seattle-based Safeco’s National Catastrophe Team has deployed additional claims professionals to Alabama, Florida and Georgia to aid customers recovering from Hurricane Dennis. Safeco’s claims personnel are...

S&P Lowers Rating on Cosipa to ‘BBB-‘

Jul 5 2005 // Standard & Poor’s Ratings Services announced that it has lowered its rating on Cosipa Overseas Ltd.’s $175 million senior floating-rate notes to “BBB-” from “A” and removed it from...

Liberty Mutual Alternative Markets Adds Three Execs to Management Team

Jul 5 2005 // Liberty Mutual Alternative Markets has appointed Chris Ridge as managing director of captive management, Sue Urie as captive management consultant and Eliot Pardee as underwriting manager. Ridge, Urie and Pardee increase...

Liberty Mutual Expands Home Replacement Cost Coverage for Calif. Catastrophe Victims

Jun 24 2005 // When this year’s wildfires rage across California, will a home insurance policy be enough to pay to repair or rebuild a damaged house? Maybe … but maybe not. Yet some California homeowners are less concerned...