Liberty Mutual Insurance said it has agreed to sell Summit Holdings Southeast Inc. and its related companies to American Financial Group (AFG) in an all-cash transaction valued at $250 million. Based in Lakeland, Florida, Summit sells workers’ compensation in the …
Liberty Mutual’s Commercial Insurance strategic business unit has expanded its foreign package policy offering by introducing a new product, and by adding a new global crisis management endorsement. The new Global Concierge Plus product provides up to $25 million in …
Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting results. “The third quarter reflected a continuation …
Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Thomas J. Kelley as vice president and managing director for the East division. Based in Philadelphia, Kelley is responsible for working with brokers to help large companies throughout the mid-Atlantic …
Liberty Mutual Insurance’s Commercial Insurance strategic business unit has appointed Mike Martin as executive vice president and general manager, National Insurance Property. Martin will lead a unit that provides property insurance, inland marine and equipment breakdown products to mid-sized and …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” for the members of Liberty Mutual Insurance Companies, as well as UK-based Liberty Mutual Insurance Europe Limited (LMIE) and Liberty …
Liberty Mutual Holding Co. Inc. posted $448 million net income for its 2013 second quarter, a 222 percent jump from $139 million net income posted during the same quarter last year. The company benefited from lower catastrophe losses and improved …
Allstate Corp. is among insurers retreating from the Long Island, New York, homeowners market after superstorm Sandy and should be compelled to offer coverage there, New York Senator Charles Schumer said. Liberty Mutual Holding Co. and Bloomington, Illinois-based State Farm …
The town of Hope Mills is suing to get $10 million to repair a dam that failed more than three years ago. It was the second dam to fail and empty the lake by the town. The first dam was …
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 …
