Latest Liberty Mutual Headlines
All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Liberty Mutual Names Hovenagle Wholesale Distribution Executive West
Mar 12 2019 // Tara Houvenagle has been named wholesale distribution executive for the West at Liberty Mutual Insurance. She is based in St. Louis. The wholesale distribution team – in close collaboration with Liberty and...
Liberty Mutual Names Ferguson as Wholesale Distribution Executive East
Mar 8 2019 // Liberty Mutual has named Jessica Ferguson as wholesale distribution executive in the East region within its Global Risk Solutions unit. She will join the leadership team led by Ben Johnson, wholesale distribution executive...
Liberty Mutual Boosted Q4, 2018 Profit Helped by Lower Catastrophe Losses
Feb 28 2019 // Liberty Mutual Holding Co. and its subsidiaries reported net income of $249 million for the fourth quarter 2018 and $2.160 billion for the full year 2018, increases of $44 million and $2.143 billion over the same periods...
Allianz, Generali & Liberty Mutual Vying to Invest in BBVA Bancassurance Arm: Sources
Feb 28 2019 // European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The sale, led by Bank of...
Liberty Mutual Again Taps Capital Markets Via Reinsurance Sidecar, Limestone Re
Jan 9 2019 // Liberty Mutual has once again directly tapped capital markets’ reinsurance capacity via the Bermuda collateralized reinsurance sidecar, Limestone Re Ltd. Limestone Re provides approximately $150 million of...
Liberty Mutual Forms $1B Risk-Sharing Deal with OPIC, Expanding Public Sector Portfolio
Dec 10 2018 // Liberty Mutual Insurance has formed a $1 billion risk-sharing agreement with the Overseas Private Investment Corp. (OPIC), the U.S. government’s development finance institution, which furthers the company’s...
Liberty Mutual Restructures Distribution for Commercial & Specialty Products
Nov 16 2018 // Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk...
Great American Insurance Names Liberty Mutual’s Artin to Cyber Liability Team
Nov 7 2018 // Great American Insurance Group has hired Kelli Artin as divisional vice president of Cyber Liability. Artin will focus on the distribution strategy and marketing of the company’s cyber risk insurance offerings. Artin...
Liberty Mutual Reports $282M Profit for 3Q
Nov 1 2018 // Liberty Mutual and its subsidiaries reported net income of $282 million and $1.911 billion for the three and nine months ended Sept. 30, 2018 versus net loss attributable of $665 million and $188 million for the same...
EMC Insurance Exits Personal Lines Business; Safeco to Accept Accounts from Agents
Oct 31 2018 // Liberty Mutual’s Safeco insurance has agreed to accept the $132.5 million in personal lines business of Iowa-based EMC Insurance Companies. Safeco is offering EMC’s independent agents the opportunity to...
Suit Says Safeco Field in Washington Discriminates Against Wheelchair Users
Oct 22 2018 // Wheelchair users attending Seattle Mariners baseball games at Safeco Field get a “second-class” experience, a nonprofit disability-rights law firm says, and has filed a discrimination lawsuit. The Seattle Times...
Update: Liberty Mutual Conducts Strategic Review of Pembroke Managing Agency
Oct 18 2018 // Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has retained Evercore to serve...
Liberty International Underwriters & Ironshore Canada Renamed Liberty Mutual Canada
Sep 14 2018 // Liberty Mutual Insurance announces that Liberty International Underwriters (LIU Canada) and Ironshore Canada will be rebranded as Liberty Mutual Canada. “The rebranding of our joint operation as Liberty Mutual Canada...
Donegal Exits Personal Lines Insurance in 7 States, Transfers Business to Safeco
Sep 11 2018 // Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to Safeco...
Liberty Mutual Forms Global Transaction Solutions Unit, Taps Bamford to Lead
Sep 10 2018 // Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its mergers & acquisitions (M&A) insurance offerings with the formation of Global Transaction Solutions group (GTS). The creation...
QBE North America Sells Its Personal Lines Business to Safeco
Aug 16 2018 // QBE North America has sold its personal insurance independent agency policies in 47 states to Safeco Insurance, a division of Liberty Mutual. The agreement was effective August 15, 2018. The terms of the transaction were...
Liberty Mutual’s Q2 Profit Jumps on Life Unit Sale, Lower Catastrophe Costs
Aug 12 2018 // The sale of a life insurance unit and an easing of catastrophe costs boosted Liberty Mutual Holding Co.’s net income for the second quarter to $981 million, well above the $126 million it saw in the same quarter last...
Liberty Mutual Increases Per Risk Property Insurance Capacity to $800M
Jul 16 2018 // Liberty Mutual’s National Insurance Property unit has increased its per risk capacity to $800 million from $600 million to help property owners and their brokers better manage mid-size and large risks. According to...
People
Jul 16 2018 // Worldwide Facilities has opened a new location in Morehead City, N.C., where Kasey Vaughn joined as senior vice president. Vaughn brings 17 years of experience in wholesale personal and commercial lines practice. She...
Rebranded Liberty Mutual Re Enters U.S. Marine Market, Launches in Italy
Jul 3 2018 // Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, begun writing marine business in the U.S. for the first time, and is opening for business in Italy. Scott Johnson, formerly with Munich...
