Liberty Mutual Insurance News

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 …

Liberty Mutual Completes Chile M&A; Cámbara Named CEO of Chile Operations

Liberty Mutual Insurance named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6 percent of Compañía de Seguros Generales Penta Security S.A. (Penta Security). Together with its existing company, Liberty Compañía de Seguros Generales …

Liberty International Underwriters Appoints 3 Senior VPs

Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has hired William Bell as senior vice president of U.S. Environmental. LIU also announced two promotions: Mike Nukk to senior vice president of Marine from vice president, Marine underwriting manager EMEA …