Latest Liberty Mutual Headlines

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...

Bradley Poe

Jun 6 2005 // The Harry W. Gorst Co. has hired Bradley T. Poe to manage its new Irvine, California office. He will be responsible for new business and staffing. Poe began his career on the retail side of the business almost 14 years...

Bradley Poe

Jun 6 2005 // The Harry W. Gorst Co. has hired Bradley T. Poe to manage its new Irvine, California office. He will be responsible for new business and staffing. Poe began his career on the retail side of the business almost 14 years...

Safeco Names Kelly New CIO

May 24 2005 // Seattle-based Safeco has named Richard Kelly as the company’s new chief investment officer. Kelly brings more than 20 years of experience in analyzing, executing and leading investment strategies for property and...

Safeco Names Horne Senior Vice President and Controller

May 12 2005 // Seattle-based Safeco has named Charles Horne senior vice president and controller, effective immediately. Since July 2002, Horne has served as Safeco’s vice president-Audit Services, with responsibility for managing...