Edmund Kelly News

Kelly Named President of P/C Insurance Advisory Organization AAIS

A national advisory organization serving the U.S. property/casualty industry has named a new president. Edmund J. Kelly of Boulder, Col. was recently chosen president of the American Association of Insurance Services (AAIS), an organization that develops policy forms and rating …

Business Moves

AIM, Quincy Mutual A.I.M. Mutual Insurance Cos. and Quincy Mutual Group will join forces to create the Commercial Solutions Underwriting Alliance, a business arrangement designed to meet the commercial lines product needs of small to medium-sized employers in Massachusetts A.I.M. …

Liberty Mutual to Establish Joint P/C Venture with India’s Videocon

Liberty Mutual Group announced that it has concluded a partnership with “Videocon Industries Ltd., the flagship company of $5 Billion Videocon Group, with diversified interest in Consumer Electronics, Household Appliances, Oil and Gas, Power Generation, Retail, DTH and Telecom businesses.” …

Liberty Mutual Breaks Ground on $300M Building in Boston

Liberty Mutual Group Chairman and CEO Edmund F. Kelly was joined yesterday by Massachusetts Governor Deval Patrick, Boston Mayor Thomas M. Menino, other state and city elected officials, neighborhood representatives and members of the construction trades at a groundbreaking ceremony …

Liberty Mutual Blames Market for IPO Delay; Analysts Cite High Valuation

Liberty Mutual Agency Corp. postponed indefinitely its planned initial public offering, quashing hopes that the planned $1.2 billion flotation could give a needed jolt to the U.S. IPO market. The property and casualty insurer announced the delay on the day …

Liberty Mutual Postpones IPO for Agency Markets Unit

Liberty Mutual said it is postponing plans for an initial public offering (IPO) of stock for its agency division, Liberty Mutual Agency Corp. The move comes just weeks after the Boston-based insurer filed paperwork for the IPO, which it expected …

Liberty Mutual Profit Falls in Q2

Boston-based Liberty Mutual Group reported net income of $220 million for the second quarter of 2010, a decrease of $48 million or 17.9 percent from the same period in 2009. Including the impact of catastrophes, the company’s combined ratio for …

People

Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He assumes the title from Carl H. …

People

David H. Long has been named president of Liberty Mutual Group. Long, who has been with Liberty Mutual for 25 years, is currently executive vice president, Liberty Mutual Group, and president of Liberty International. Edmund F. Kelly will continue in …

People

David H. Long has been named president of Liberty Mutual Group. Long, who has been with Liberty Mutual for 25 years, is currently executive vice president, Liberty Mutual Group, and president of Liberty International. Long will continue to lead Liberty …