Liberty Mutual Insurance Chairman and CEO David Long News

Liberty Mutual’s Q4 Net Income Takes a Hit from Auto Liability Losses

Liberty Mutual Holding Co.’s 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full year. The insurer booked net income of $143 million for …

Liberty Mutual Profit Fell 70% in 2015

Liberty Mutual Insurance saw profits fall for the fourth quarter and full year 2015 due to higher catastrophe and energy-related losses. Parent Liberty Mutual Holding Co. booked $411 million in net income in Q4, a nearly 26 percent drop from …

Liberty Mutual Had a ‘Messy’ Second Quarter

“Things got a bit messy in the second quarter.” That’s how David Long, chairman and CEO of Liberty Mutual Holding Co., summarized his firm’s second quarter results, which saw a 36 percent decline in consolidated net income to $249 million, …

Liberty Mutual Inks Reinsurance Deal with Berkshire’s National Indemnity

Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …

Liberty Mutual Expands Home Office in Boston With Ribbon Cutting Ceremony

Liberty Mutual Insurance held a ribbon cutting ceremony today at the company’s new 22-story, 590,000 square-foot office building at 157 Berkeley Street in Boston.Liberty Mutual Insurance Chairman and CEO David Long was joined at the ceremony by Boston Mayor Thomas …