Latest Liberty Mutual Headlines

Business Moves

Dec 18 2005 // U.S. Risk Insurance Opens Irvine, San Diego Offices U.S. Risk Insurance Group Inc. has opened a Irvine, Calif., office and a satellite office in San Diego. Scott T. Carroll has joined the company as vice president and...

Rosput Reynolds Named Safeco President; Brown Elected Non-Executive Chairman of the Board

Dec 7 2005 // Safeco announced that Paula Rosput Reynolds has been named the company’s new president and chief executive officer effective Jan. 1, 2006. Reynolds also was appointed to Safeco’s board of directors. Reynolds,...

SAFECO SEES AFTER-TAX LOSSES FROM WILMA AT $29 MILLION

Dec 5 2005 // Seattle-based Safeco has announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. Those...

News Briefs

Dec 4 2005 // New Online License Service Available for Wash. Agents and Brokers Insurance agents, brokers and other insurance professionals licensed to transact business in Washington can now print copies of their licenses from their...

Liberty Mutual Captive Management Now in Montana, Cayman Islands

Dec 2 2005 // Now Montana and the Cayman Islands have something in common: Liberty Mutual Alternative Markets. Over the summer, Liberty Mutual gained approval to establish Liberty Mutual Management (Cayman) Ltd and authorization to...

Safeco Board of Directors Announces Share Repurchase Plan

Dec 2 2005 // Safeco has announced that its board of directors has increased the company’s share repurchase authorization to 10 million shares, including shares that remain available for repurchase under previously approved...

Safeco Names McNichols Vice President for Audit Services

Nov 30 2005 // Seattle-based Safeco has named Robert McNichols vice president – Audit Services effective Dec. 5, 2005. In this role, he will be responsible for overseeing internal audits and reviews of the company’s financial...

Liberty Mutual Launches Online Business Interruption Training Tool

Nov 29 2005 // Liberty Mutual Property has launched online training capabilities for business interruption coverage, designed to address the most confusing and complicated aspect of property insurance. The Web-based training program...

Safeco Automates Sales for Mid-Market Commercial Accounts

Nov 18 2005 // Seattle-based Safeco has announced it has fully automated the sale of commercial insurance packages to more than 800 classes of small- and mid-sized businesses. In 16 states and the District of Columbia, independent agents...

Liberty Mutual Manages Workers’ Comp Using Group Health Analysis

Nov 16 2005 // Over the past several years, risk managers faced a staggering one-two punch. First, workers’ compensation medical costs exploded, growing faster than inflation. Then, medical treatment passed wage payments to become...

Safeco Sees After-Tax Losses from Wilma at $29 Million

Nov 10 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Wilma of $29 million, or $0.23 per diluted share. Pretax catastrophe losses from the storm are estimated at $45 million. These figures...

Safeco Automating Sales Process for Mid-Market Commercial

Nov 8 2005 // Safeco announced it is one of the first insurance companies to fully automate the sale of commercial insurance packages to more than 800 classes of small- and mid-sized businesses. In 16 states and the District of...

Best Upgrades Public Data Rating for Liberty Mutual Insurance Europe

Nov 2 2005 // A.M. Best Co. has upgraded the public data rating to A- (Excellent) from B+ (Very Good) of Liberty Mutual Insurance Europe Limited (LMIEL) (United Kingdom). Public data (pd) ratings reflect a quantitative analysis of a...

Safeco Unveils Q3 Report; Hurricanes Play Major Role

Oct 18 2005 // Seattle-based Safeco reported solid third-quarter results, with net income of $101.1 million, or $0.80 per diluted share. This figure includes estimated after-tax net catastrophe losses of $115.8 million, or $0.91 per...

Safeco: Rita Losses at $27 Million

Oct 11 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Rita of $27 million, or $0.21 per diluted share. Pretax catastrophe losses from the storm are estimated at $42 million. These figures...

Fiebrink Tabbed as President, COO for Wausau Insurance Companies

Oct 4 2005 // Wisconsin-native Mark Fiebrink, an executive vice president for the Liberty Mutual Group, was named president and chief operating officer of Wausau Insurance. Fiebrink replaces Joe Gilles, who will assume a new leadership...

Safeco Estimates Katrina After-Tax Losses at $78M

Sep 27 2005 // Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Katrina of $78 million, or $0.61 per diluted share. Safeco’s gross pretax losses before reinsurance are estimated to be $170...

Despite Drop in Workplace Injuries, Financial Impact Remains Significant

Sep 20 2005 // While risk managers, safety directors and senior financial executives cut the number of the most serious workplace injuries, those accidents continue to hit the bottom-line of employers hard, according to two Liberty...

Sep 19 2005 // Saylor & Hill has announced that three senior associates of the firm have been promoted to principal. Tim Sweeney, Kevin Mirsky and Chris Williams, each of whom has worked for the firm for more than a decade, will...

Safeco Launches Special Relief Effort in Response to Hurricane Katrina

Sep 7 2005 // Safeco has launched a special disaster-relief effort to deliver financial assistance, equipment and free support services to help independent insurance distributors recover from Hurricane Katrina. This relief effort —...