LIberty Mutual News

Zepnick Named Upper Midwest Region VP for Liberty Mutual Business Insurance

Timothy Zepnick has been appointed regional vice president for business insurance in Liberty Mutual Insurance’s upper Midwest region. Zepnick will be based in Waukesha, Wis., and is responsible for the profitable growth of business in the six state territory that …

Liberty Mutual Opens Equipment Breakdown Office in San Francisco, Adds Staff

Liberty Mutual has added senior underwriting and technical engineering resource staff to its equipment breakdown operations, as well as opened a San Francisco office so it can be closer to its partners. The new staff includes: John Volle, senior manager …

Liberty Mutual Q2 Profit Dips 12.3%

Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $393 million for the quarter ended June 30, 2014, down $55 million or 12.3 percent  from the same period in 2013. Net written premiums grew just above 5 …

Liberty Mutual Launches Towing Program Through Trinity Transportation Services

Liberty Mutual Insurance, through its program administrator Trinity Transportation Services, LLC, is now offering coverage for towing companies. The Liberty Mutual Trinity Towing Program offers commercial auto, general liability, property, inland marine and excess/umbrella coverages for towing operations and vehicles. …

Liberty Mutual Expands Large, Global Property Risk Unit; Adds 5 Underwriters

Aiming for a bigger role in the market for large, complex global property risks, Liberty Mutual has expanded its National Accounts Property unit and added five underwriters. The unit provides ground-up, shared and layered, inland marine and equipment breakdown coverages. …

Senior Drivers Open to Discussion About Limiting Driving: Survey

There are currently more than 23 million licensed drivers aged 70 and older and as baby boomers soon begin turning 70, the number of seniors on the road will rise steadily over the next two decades. The majority of senior …

Liberty Mutual Adds Data Compromise Coverage to Insurance Agent E&O Program

Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and …

Liberty Mutual Names Sr. Underwriting Manager for Excess Casualty in Northeast

Liberty Mutual Insurance’s Specialty Excess Casualty operation has appointed Keith Poopor as senior underwriting manager for excess casualty in the Northeast.

Liberty Mutual Launches Assumed Reinsurance for Equipment Breakdown

Liberty Mutual Insurance now offers equipment breakdown assumed reinsurance to insurers through treaties, programs and on a case-by-case basis, giving property/casualty insurers a new source for reinsurance of equipment breakdown. According to Mike Martin, executive vice president and general manager, …

Liberty Mutual’s 1Q Profit Declines 14.5% to $272M

Liberty Mutual Holding Co. Inc. reported $272 million net profit for its 2014 first quarter, a decline of $46 million or 14.5 percent from $318 million net profit reported during the same period in 2013. The Boston-based insurer saw higher …