I would bet the policyholders of Harleysville I’ll bet they would trade the A+ Rating of Nationwide for the $250m that supposedly was part of the Liberty deal.
Greed and doubletalk from management.
Sounds like our Washington representatives.
I love agents that will crawl into bed with Lib Mutual, sell their cheap products (cheapest on the street) and then bad mouth them while they cash their commission checks.
It sounds like sour grapes for LM. Nationwide is doing what LM does, buy up regional carriers to tap into the IA system. With the Allied/Scottsdale buys and now predominate east coast carrier, sounds like LM doesn’t like the competition…
Sounds like a marriage made in heaven, neither company is “on your side” only “your hide”… As a former employee, once Allied took over, NW became creeped out!
Speaking of which. What’s up with Nationwide these days? Allied and NW are both buying business on the street like there is no tomorrow. We’ve even seen them competing AGAINST each other to write Commercial Lines business 30% below the market.
LM really is in a sad financial state right now. The are desperate just to maintain business. They need to purchase companies just to stay alive. Look at what happened after the SafeCo purchase.
I would bet the policyholders of Harleysville I’ll bet they would trade the A+ Rating of Nationwide for the $250m that supposedly was part of the Liberty deal.
Greed and doubletalk from management.
Sounds like our Washington representatives.
I’m agent representing Harleyville and Liberty Mutual – Indiana Insurance Copmapny. Don’t trust LM one iota.
I love agents that will crawl into bed with Lib Mutual, sell their cheap products (cheapest on the street) and then bad mouth them while they cash their commission checks.
And Liberty Mutual loves it too.
It sounds like sour grapes for LM. Nationwide is doing what LM does, buy up regional carriers to tap into the IA system. With the Allied/Scottsdale buys and now predominate east coast carrier, sounds like LM doesn’t like the competition…
I thought that initially until I saw the potential earnings for Michael Browne (H’ville’s CEO).
Liberty Mutual should make a play for State Auto. They’re next up on the sales block.
Sounds like a marriage made in heaven, neither company is “on your side” only “your hide”… As a former employee, once Allied took over, NW became creeped out!
Speaking of which. What’s up with Nationwide these days? Allied and NW are both buying business on the street like there is no tomorrow. We’ve even seen them competing AGAINST each other to write Commercial Lines business 30% below the market.
LM really is in a sad financial state right now. The are desperate just to maintain business. They need to purchase companies just to stay alive. Look at what happened after the SafeCo purchase.
How does this merger concern me as a Nationwide policy holder? Any comments?