Liberty Mutual Insurance News

Liberty Mutual Eyes Sale of Two Office Buildings in Boston

Liberty Mutual Insurance, a Boston, Mass., based property and casualty insurer, is planning to market the sale of two office buildings at 10 St. James Avenue and 75 Arlington Street in Boston’s Back Bay neighborhood. The company owns and partially …

Liberty Mutual & China’s Sanpower Group Form P/C Joint Venture

Liberty Mutual Insurance and Sanpower Group Co. Ltd., one of China’s leading private enterprises, announced they have agreed to create a joint venture from Liberty Mutual’s current Chinese property/casualty insurance operations. Sanpower will hold a 51 percent controlling interest in …

Liberty Mutual Completes Chile M&A; Cámbara Named CEO of Chile Operations

Liberty Mutual Insurance named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6 percent of Compañía de Seguros Generales Penta Security S.A. (Penta Security). Together with its existing company, Liberty Compañía de Seguros Generales …

Liberty International Underwriters Appoints 3 Senior VPs

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has hired William Bell as senior vice president of U.S. Environmental. LIU also announced two promotions: Mike Nukk to senior vice president of Marine from vice president, Marine underwriting manager EMEA …

European Property Underwriting Forms Capacity Agreement with 3 Risk Partners

European Property Underwriting Limited (EPU), a London-based property owners MGA, has secured an exclusive capacity arrangement with three risk transfer partners, led by HDI Gerling, with major co/reinsurance participations from Liberty Mutual Insurance and Swiss Re Corporate Solutions. EPU is an …

Liberty Int’l Underwriters Names McCarthy as Head of Global Crisis Mgmt. Unit

Liberty International Underwriters (LIU), a part of Liberty Mutual Insurance, has appointed Jane McCarthy as global senior vice president of its Global Crisis Management unit which includes kidnap, ransom and extortion; contaminated products; and product recall coverage worldwide. Based in …

Liberty International to Expand Chilean Business with Purchase of Penta Security

Liberty International Holdings Inc., member of the Liberty Mutual Insurance Group, announced the expansion of its presence in Chile by agreeing to acquire an additional insurance company, Compañia de Seguros  Generales Penta Security S.A., the fourth largest non-life insurer in …

Liberty Mutual Names Russell Federal Public Affairs Officer

Christopher Y. Russell has joined the Liberty Mutual Insurance office in Washington, D.C. as senior public affairs officer, focusing on federal issues. Russell brings federal public affairs experience, having spent 14 years working for the U.S. House of Representatives where …

Liberty Mutual Offers Cyber Cover for Small, Mid-Sized Businesses

Liberty Mutual Insurance has launched cyber coverages on its commercial package products and monoline general liability policies for small- to mid-sized businesses. The new Data Security endorsement provides four optional coverages, each with separate and varying aggregate limits, sub-limits, and …

Liberty International Appoints Montoya Sr. VP, Managing Director – Latin America

Liberty International Underwriters (LIU), part of the Global Specialty business unit of Liberty Mutual Insurance, announced the appointment of Alexander Montoya as Senior Vice President, Managing Director – LIU Latin America. He will report to David Cohen, President LIU US …