Latest Safeco Insurance Headlines
All the headlines from our Safeco Insurance Topic Page, ordered by recency.
Safeco Teen Driver Program Rolled Out Nationwide
Jun 9 2008 // Seattle-based Safeco announced that its safe teen driving solution, Teensurance is now available nationwide. Teensurance offers a set of online tools to encourage safe driving, including a GPS-based device – the...
Liberty Mutual-Safeco Deal Clears Antitrust Hurdle
Jun 4 2008 // The period during which federal officials might raise antitrust concerns over Liberty Mutual Group’s proposed acquisition of Safeco Corp. has expired. The expiration of the waiting period under the Hart Scott Rodino...
Washington Commissioner Seeking Contractors to Review Safeco Acquisition
May 20 2008 // Washington’s Insurance Commissioner’s Office is currently seeking proposals from consultants in the areas of accounting and legal services to review the proposed sale of Safeco Insurance Companies to Liberty...
Business Moves
May 19 2008 // AmWINS, Beacon Risk Strategies Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not...
Safeco and Costco Partner to Offer Business Insurance in Test States
May 7 2008 // Costco and Safeco are offering business insurance to businesses that are Costco members, effective May 2008. According to information on Costco’s Web site, Costco business members may secure up to a 10 percent...
People
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...
Business Moves
May 5 2008 // BB&T Insurance Services, Union Bank of California Raleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary,...
Liberty Mutual to Acquire Safeco Insurance in $6.2 Billion Deal
May 5 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
Safeco a ‘Good Fit,’ Says Liberty Mutual Agency Market’s Gregg
May 5 2008 // Safeco and Liberty Mutual Agency Markets companies are a “great fit” geographically and by line of insurance, according to Gary Gregg, president of Liberty Mutual Agency Markets. He said Safeco’s strength...
Liberty’s Ratings Remain Unchanged, Says A.M. Best
Apr 24 2008 // The ratings of Liberty Mutual Insurance Cos. and its members remain unchanged following yesterday’s announcement that Liberty Mutual Group Inc. (LMGI), through its operating subsidiaries, will be acquiring Safeco...
Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal
Apr 23 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
S&P Puts Liberty and Safeco on CreditWatch Negative
Apr 23 2008 // Standard & Poor’s Ratings Services has placed its ratings on both Liberty Mutual Group Inc. (LMGI) and Seattle-based Safeco Corp on CreditWatch with negative implications, following the announcement that Liberty...
XL Chooses Ex-Safeco CEO McGavick to Replace O’Hara
Mar 17 2008 // XL Capital Ltd. has named Michael S. McGavick as its next CEO. He will officially join XL on May 1, succeeding Brian M. O’Hara, XL’s CEO for the last 13 years, who announced in October 2007 that he would retire...
Safeco Names Newgarden SVP, Underwriting for Personal Insurance
Feb 13 2008 // Thomas Newgarden has joined Seattle-based Safeco as senior vice president of underwriting for Safeco Personal Insurance. Previously, Newgarden was senior vice president and chief underwriting officer of AIG Private Client...
People
Jan 27 2008 // Swett & Crawford appointed Meredith Dyson as senior vice president. Dyson, who will assist the company with its marketing efforts and other related activities, will be based in New York. Most recently, Dyson was with...
Chartier to Head Safeco’s Marketing and Distribution
Jan 24 2008 // Safeco has named Kirk Chartier senior leader of Distribution and Strategy. The announcement was made here by Paula Reynolds, the company’s president and chief executive officer. At Safeco, Chartier will oversee the...
Court: Hockey-Stick Injury Could Be Considered an Accident
Jan 10 2008 // Putting itself in the skates of an 8-year-old, the Utah Supreme Court reinstated a lawsuit Tuesday filed by a woman whose son was smacked in the head with a hockey stick while teasing another player. A key issue: Did...
Safeco Names Northeast Regional Exec, Sales and Marketing VP
Jan 9 2008 // Safeco announced that Paul Chmura has joined the company as Northeast regional executive. Chmura comes to Safeco from The Hanover Insurance Group, where he served as the regional vice president of sales and distribution...
Safeco To Discuss Quarterly, Year-End Results during Webcast
Dec 21 2007 // Seattle-based Safeco will be hosting a live Internet broadcast of its conference call to discuss fourth-quarter and year-end financial results on Thursday, Jan. 31 at 5 p.m. EST. A live Webcast of the presentation will be...
Safeco Estimates Calif. Wildfire Losses at $35 Million
Dec 2 2007 // Frank Santoya, a member of the California Fire Office of the State Fire Marshall, walks through the rubble as he surveys the fire damage in the Rancho Barnardo neighborhood of San Diego on Oct. 30, 2007 (AP Photo/Rick...
