Liberty Mutual Insurance News

Liberty Mutual Restructures Distribution for Commercial & Specialty Products

Liberty Mutual has introduced a new distribution model for the U.S. in an effort to improve broker access to the insurer’s full suite of commercial and specialty insurance products. Shaun Kelly, president Global Risk Solutions Distribution, said in a statement …

Liberty International Underwriters & Ironshore Canada Renamed Liberty Mutual Canada

Liberty Mutual Insurance announces that Liberty International Underwriters (LIU Canada) and Ironshore Canada will be rebranded as Liberty Mutual Canada. “The rebranding of our joint operation as Liberty Mutual Canada is an important milestone in our journey to come together …

Liberty Mutual Appoints Waters to National Insurance Specialty Unit

Liberty Mutual, a Boston, Mass.-headquartered global insurer, has appointed Matt Waters to lead the areas of its National Insurance Specialty unit that provide a full range of primary and excess products to large and mid-size construction and energy companies through …

Liberty Mutual Insurance Appoints Anderson as Corporate Functions CIO in Boston

Liberty Mutual Insurance has appointed Shelia Anderson to the newly created role of corporate functions chief information officer (CIO), reporting to Liberty Mutual’s executive vice president and CIO, James McGlennon. Based in Boston, Mass., Anderson will focus on enabling customer …

Liberty Mutual Insurance Opens New Campus in North Texas

Liberty Mutual Insurance Chairman and CEO David H. Long officially opened the company’s one million square foot office complex in Plano, Texas, on Tuesday with a ribbon-cutting ceremony attended by Texas Governor Greg Abbott and City of Plano Mayor Harry …

Liberty Specialty Markets Appoints Hobbs, Winkel, Short & Smith to Senior Roles

London-based Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has announced the appointment of four senior roles (subject to regulatory approval). Phil Hobbs has been named deputy managing director. Hobbs previously was chief actuary. Dieter Winkel has been named …

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 Adds 2 Excess Casualty Products for Large Companies

Liberty Mutual Insurance has launched two new excess casualty products for large companies: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both are available from Liberty Surplus …

Liberty Mutual Eyes Sale of Two Office Buildings in Boston

Liberty Mutual Insurance, a Boston, Mass., based property and casualty insurer, is planning to market the sale of two office buildings at 10 St. James Avenue and 75 Arlington Street in Boston’s Back Bay neighborhood. The company owns and partially …

Liberty Mutual & China’s Sanpower Group Form P/C Joint Venture

Liberty Mutual Insurance and Sanpower Group Co. Ltd., one of China’s leading private enterprises, announced they have agreed to create a joint venture from Liberty Mutual’s current Chinese property/casualty insurance operations. Sanpower will hold a 51 percent controlling interest in …