David Long News

Liberty Mutual Completes Ironshore Acquisition; Will Use Ironshore Brand for U.S. Specialty Business

Liberty Mutual Insurance has completed its acquisition of specialty insurer Ironshore Inc., creating a global specialty business with approximately $6.5 billion in net written premium. Liberty Mutual announced last December it would acquire a 100 percent ownership interest in Ironshore …

Liberty Mutual’s Q4 Net Income Takes a Hit from Auto Liability Losses

Liberty Mutual Holding Co.’s 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full year. The insurer booked net income of $143 million for …

Liberty Mutual Profit Fell 70% in 2015

Liberty Mutual Insurance saw profits fall for the fourth quarter and full year 2015 due to higher catastrophe and energy-related losses. Parent Liberty Mutual Holding Co. booked $411 million in net income in Q4, a nearly 26 percent drop from …

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’s CEO Long Elected Chairman as Kelly Retires

Boston-headquartered insurance giant Liberty Mutual Insurance said its board of directors elected CEO David Long, 52, as chairman of Liberty Mutual Insurance, effective June 28, 2013. Long will succeed Edmund “Ted” Kelly, 67, who is retiring as chairman and director …