LIberty Mutual News

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 …

Liberty Mutual Creates New Public Entity Division, Hires Kostro to Lead

Liberty Mutual Insurance has created a new practice dedicated to schools, municipalities and other public entities, and has appointed Susan L. Kostro as chief underwriting officer, Public Entity. Kostro will be responsible for growing Liberty Mutual’s book of education and …

Top 25 Workers’ Compensation Insurers

The U.S. workers’ compensation market saw solid gains in 2014, thanks in part to premium increases and favorable claims frequency. This was the fourth consecutive year in which the industry reported improved results, A.M. Best said in a report. The …

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 Mutual Breaks Ground on 1M Square Foot Texas Campus

Liberty Mutual Insurance has kicked off construction of its new campus in Plano, Texas. The 1-million-square-foot office is expected to be complete in 2017. Liberty Mutual’s $325 million-plus expansion project is expected to bring more than 4,000 employees to Plano …

Liberty Mutual Promotes Lankford to VP for Metro New York Region

Liberty Mutual Insurance promoted Nikki Lankford to vice president for the Metro New York region within the company’s Business Insurance operation. Lankford will be based in New York City and responsible for the profitable growth of small to mid-market business …