LIberty Mutual News

Insurer Agrees to $100K Settlement in Washington Dog Shooting Suit

An insurance company contesting an arbitrator’s award following the shooting death of a dog by a neighbor has agreed to settle for $100,000. The Seattle Times reported Liberty Mutual settled with the attorney representing Jim Anderson of Eltopia. Anderson’s 7-year-old …

Liberty Mutual Insurance Raises Shareholding in India’s Liberty Videocon to 49%

Liberty Mutual Insurance Group is increasing its overall interest in its non-life insurance joint venture company, Liberty Videocon General Insurance Co. Ltd., from 26 percent to 49 percent. The increase was enabled as a result of changes in local regulations …

Fitch Ups Liberty Mutual’s Ratings Outlook

Liberty Mutual Group’s ratings outlook has been bumped up to positive from stable at Fitch Ratings, reflecting an acknowledgment of improved operating performance. Fitch also affirmed the financial strength ratings of Liberty Mutual and its subsidiaries at ‘A-‘ and its …

Many Weed-Smoking Canadian Drivers Say They Can Drive Unimpaired: Insurers

Almost half of weed-smoking Canadian drivers say that they can safely operate a vehicle while stoned. Among Canadians who have driven under the influence of marijuana, 44 percent don’t think it impacts their ability to drive safely, according to a …

Hartley to Lead U.S. General Liability for Liberty International Underwriters

Liberty International Underwriters (LIU) has named Casey Hartley as U.S. General Liability product line leader. Based in Atlanta, Miss., Hartley will have responsibility for the technical underwriting, portfolio performance and overall product strategy for the primary general liability portfolio. LIU’s …

More Than 40% of Insurers See Google as Potential Threat: Capgemini Report

More than 40 percent of insurers see Google as a potential threat because of its strong brand and ability to use customer data, a report released on Tuesday said. And young, mobile phone-friendly consumers may bypass traditional insurers for “new, …

Liberty Specialty Announces Specialty Lines and Fine Art & Specie Appointments

Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has promoted Mike Gosselin to the role of chief underwriting officer for specialty, while also naming David Saillen as head of fine art & specie – Continental Europe. An industry veteran …

Liberty Specialty Markets Enters Chinese Market via Lloyd’s China Platform

London-based Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group, has joined the Lloyd’s China platform. LSM’s Underwriting Division of Lloyd’s Insurance Company (China) Ltd. (LICCL) has appointed Eve Li as its first representative in Beijing, China. …

France’s CNP Assurances in Talks to Buy BTG’s Brazil Insurance Units

French insurer CNP Assurances has entered exclusive talks with Grupo BTG Pactual SA to buy its 51 percent stake in Brazilian insurer Pan Seguros, two sources familiar with the matter said on Tuesday. CNP Assurances has offered 1.6 billion Brazilian reais ($396 million) …

Liberty Specialty Markets Boosts German Presence with New Casualty Team

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has strengthened its presence in the German casualty market with the appointment of a new four-strong casualty team in its Cologne office. The team will write a book of primary …