Safeco News

Title Insurer First American to Exit P/C Insurance with Transfers to Safeco, Heritage

Title insurer First American Financial Corp. reported recently that its property/casualty insurance subsidiaries have entered into book transfer agreements with Safeco Insurance and Heritage Insurance Holdings. The agreements are the result of the initiation of a process by the company, …

Tower Hill, Safeco to Offer Policy Multi-Policy Discount in Florida

Florida-based Tower Hill Insurance and national carrier Safeco, two non-affiliated carriers, have formed a marketing partnership in the state of Florida to offer a multi-policy discount to customers. Beginning in November, policyholders will have access to a multi-policy discount when …

Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients

American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transfer their upper middle market personal insurance …

AmTrust to Transfer Republic Personal Lines Business to Liberty Mutual

AmTrust Financial Services said it will transfer to Liberty Mutual renewal rights in six states for its Republic personal lines business. The deal involves Liberty’s Safeco Insurance unit, and it will allow Republic General Agency personal lines agents to transition …

AXA XL’s McGavick Looks Ahead to ‘The Golden Age of Insurance’

Mike McGavick’s turnaround experiences have led him to think carefully about changes that are needed for the insurance industry. “First, cost has got to come down. It’s absurd that approximately 60 cents on every dollar is what the customer gets …

Thinking Past the Obvious: Former CEO of XL Group McGavick Looks Back

The former chief executive officer of XL Group, Mike McGavick, admits that frequently during his career he has taken on leadership roles that some of his contemporaries considered too hot to handle—such as the turnarounds he led at XL Group …

QBE North America Sells Its Personal Lines Business to Safeco

QBE North America has sold its personal insurance independent agency policies in 47 states to Safeco Insurance, a division of Liberty Mutual. The agreement was effective August 15, 2018. The terms of the transaction were not disclosed. The QBE North …

Safeco Appoints Pooley as VP, General Manager of Southeast Region

Safeco Insurance has appointed Debra Pooley as vice president and general manager of the Southeast Region. Pooley replaces Carl Canales who has been named vice president and general manager for the Northeast Region. She is is based in Suwanee, Ga. …

Safeco to Take Up Mapfre’s Tennessee, Kentucky, Indiana Business

MAPFRE Insurance, which last year decided to exit five states and focus on 11, is turning over its personal lines business in three of the five states it is leaving to Safeco Insurance, a Liberty Mutual unit. MAPFRE has agreed …

Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards

Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at showcasing the best examples of insurance technology innovations in multiple …