Boston-headquartered insurance giant Liberty Mutual Insurance said its board of directors elected CEO David Long, 52, as chairman of Liberty Mutual Insurance, effective June 28, 2013. Long will succeed Edmund “Ted” Kelly, 67, who is retiring as chairman and director …
Today David Kosar can be considered one of the nation’s most outspoken insurance agents on the issue of gay marriage. Kosar, owner of David Kosar Insurance Agency-American Family in Everett, Wash., has joined an amicus brief filed by 278 businesses, …
Thomas F. Motamed, chairman and CEO of CNA Financial Corp. will chair the Insurance Industry Charitable Foundation (IICF) – Midwest’s 2nd Annual Blazing the Trail Benefit Dinner. CNA is the presenting sponsor for the event, taking place March 14 at …
Liberty Mutual Insurance announced it is planning to retire its regional brands in 2013 to focus on the more recognizable Liberty Mutual brand. “We’re retiring the brand names of our eight commercial lines regional companies that sell exclusively through independent …
Standard & Poor’s Rating Services has affirmed its ‘BBB-‘ counterparty credit and senior debt ratings on Liberty Mutual Group Inc. as well as its ‘A-‘ counterparty credit and financial strength ratings on Liberty’s operating companies. At the same time, S&P …
Liberty Mutual Insurance of Boston, Mass., which was founded in 1912, is joining the National Association of Mutual Insurance Companies’ (NAMIC) “Century Club” in recognition of 100 years of serving their policyholders. Liberty Mutual got its start 100 years ago …
Insurer Liberty Mutual Group Inc., already one of the largest supporters of nonprofits and community groups in the Boston area, has announced it will significantly increase its charitable giving in Massachusetts this year. The only Fortune 100 company based in …
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 and Peerless Insurance Company Pool, as well as UK-based Liberty Mutual Insurance …
The upward pricing trends are continuing in the U.S commercial lines, but much more rate increases are still needed to correct the chronic underpricing in the industry, Liberty Mutual CEO David Long remarked. “In U.S. commercial lines, the pricing trend …
Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company — which reported $139 million profit for its 2012 second-quarter earlier Wednesday — also named executives that will lead each of its four new strategic …
