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Liberty Mutual Responds to S&P's Rating Downgrade to 'A-'

National News • September 26, 2008
Boston-based Liberty Mutual Group is not pleased by Standard & Poor's announcement that it was lowering the Company's financial strength rating from 'A' to 'A-' with a stable outlook, following ...

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Subject: RE: Winning Friends and Influencing People

Posted On: October 6, 2008, 2:01 pm CDT
Posted By: Dennis
Comment:
I was hired by Liberty Mutual Group to establish their Marine Risk Engineering program in April 2006 for a subsidiary 'Liberty International Underwriters' and I can verify that they have been gobbling up opportunities left and right. LIU posted strong earnings repeatedly and suffered no losses during my tenure. I resigned in June 2008 because upper Management treated Risk like it was non-existant. They virtually ignored my pleadings for support which after 1 1/2 years I gave up and moved on.

I know they're close to their financial limits on coverages and currently have no 'real' Risk programs in effect.

If they were to experience multiple large losses they could be in serious trouble. As for the 'Responsibility' commercial, I don't put much faith in its accuracy after witnessing the things I did during my tenure.
Subject Posted By Posted On
RE: Winning Friends and Influencing People Dennis
Oct 6, 2008, 2:01 pm
Winning Friends and Influencing People Smooth Talker
Oct 2, 2008, 1:29 pm
Speaking of mergers speak-king
Oct 2, 2008, 4:17 am
posted from AP watcher
Oct 1, 2008, 5:01 am
SEVERAL MORE more, more, more
Oct 1, 2008, 4:58 am
RE: raise forthcoming?
Sep 29, 2008, 4:48 pm
RE: I remember when.............. Peon Agent
Sep 29, 2008, 3:09 pm
RE: RE: Boo-Hoo Peon Agent
Sep 29, 2008, 2:56 pm
RE: RE: Rating Reduction Reality Bites
Sep 29, 2008, 2:28 pm
RE: RE: RE: Liberty Downgrade... A telling sign of things to WA Agent
Sep 29, 2008, 2:28 pm
Ahead of the curve LOng Term Agent
Sep 29, 2008, 2:12 pm
I remember when.............. Former Safeco Employee
Sep 29, 2008, 1:33 pm
raise forthcoming? curious george
Sep 29, 2008, 1:08 pm
RE: RE: Liberty Downgrade... A telling sign of things to com Insurance Bear
Sep 29, 2008, 1:07 pm
RE: Liberty Downgrade... A telling sign of things to come??? DC
Sep 29, 2008, 1:01 pm
RE: Liberty Downgrade... A telling sign of things to come??? tom
Sep 29, 2008, 1:01 pm
Liberty Downgrade... A telling sign of things to come??? Leaving Liberty
Sep 29, 2008, 12:51 pm
What a Shock!!!! Gregorevich Drinks
Sep 29, 2008, 12:39 pm
RE: Rating Reduction DC
Sep 29, 2008, 12:34 pm
RE: Insurance Egg Head - Big Turtle pone master
Sep 29, 2008, 11:23 am
Insurance Egg Head - Big Turtle
Sep 29, 2008, 8:32 am
Liberty is just one of many with big problems. Liberty Lover
Sep 26, 2008, 4:13 pm
Rating Reduction Liberty Policyholder
Sep 26, 2008, 2:21 pm
LIBERTY WAKE UP ! Watcher
Sep 26, 2008, 2:13 pm
RE: Boo-Hoo Big Turtle
Sep 26, 2008, 2:13 pm
Boo-Hoo 2ndamendmentmomma
Sep 26, 2008, 1:42 pm
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