Liberty Mutual Holding Co. News

Generali to Return €500 Million to Investors in Share Buyback

Assicurazioni Generali SpA will return €500 million [$541.4 million] to shareholders, following acquisitions last year that are set to boost its non-life and asset management businesses. The share buyback plan will be submitted for shareholder approval in April and started …

Liberty Mutual Explores $1 Billion Sale of Europe Businesses

Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region. The US insurer is working with Bank of America …

Liberty Mutual Posts $427 Million Q3 Loss on Venezuela Operations, Energy

Liberty Mutual Holding Co., the second- largest U.S. property-casualty insurer, posted its worst loss in at least a decade on costs tied to scaling back operations in Venezuela and the declining value of some energy-related investments. The loss of $427 …

Liberty Mutual Q1 Profit Falls 31% to $318M Amid Investment Losses

Boston-based Liberty Mutual reported Thursday its net income fell 30.7 percent to $318 million for its 2013 first quarter, compared to $459 million income reported during the prior year first quarter. The company’s quarterly underwriting and operating results both improved …