All the headlines from our Liberty Mutual Topic Page, ordered by recency.
May 10 2024 // Liberty Mutual Holding Company on Thursday reported first quarter 2024 net income of $1.5 billion compared to loss of $74 million during the same period last year.The combined ratio for the first three months of 2024...
Apr 23 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offer a market-first,...
Apr 19 2024 // Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global commercial and specialty re/insurer and international insurance operations.The...
Apr 15 2024 // This edition of International People Moves details appointments at Aon, Berkshire Hathaway Specialty Insurance (BHSI) and AXIS Capital Holdings.A summary of these new hires follows here. Aon Promotes Sapra as CEO of...
Apr 10 2024 // The Connecticut Appellate Court has ruled that an auto insurer is not obligated to pay underinsured benefits to make up the difference between the coverage limits available and the lower amount its insureds actually...
Mar 8 2024 // Although Liberty Mutual reported worse underwriting results and lower net income in 2023 compared to the prior year, executives pointed to the momentum of the final quarter as an indicator of what’s ahead.“We...
Mar 5 2024 // Lockton Re Taps Lewis From Zurich to Lead Cyber Practice in North AmericaLockton Re, the reinsurance business of independent insurance broker Lockton, announced that Brian Lewis has joined as senior broker leading the...
Feb 2 2024 // Liberty Mutual has confirmed it is eliminating about 250 positions, or 0.5% of its global workforce, as it continues implementing new organizational structures within US Retail Markets and Global Risk Solutions units.In an...
Jan 26 2024 // Liberty Mutual Insurance Appoints John Krupczak to Lead Property for US EnergyLiberty Mutual Insurance announced the appointment of John Krupczak to the role of head of US Energy (Property), effective immediately. Part of...
Jan 22 2024 // Liberty Mutual recently announced ProShield, a packaged solution providing private companies and non-profits streamlined access to directors & officers, employment practices liability, fiduciary, and crime...
Jan 4 2024 // Marsh, a business of Marsh McLennan headquartered in New York, hired Andy Stirk as U.S. chief growth officer effective January 16. Stirk is based in New York.With 20 years of insurance industry experience, Stirk rejoins...
Jan 2 2024 // Georgia authorities last week announced the arrest of a contractor charged with underreporting payroll and defrauding Liberty Mutual Insurance Co. of more than $9 million in premiums.Jose Martinez, 56, of Grayson, was...
Nov 27 2023 // This edition of International People Moves details appointments at Liberty Mutual Reinsurance and Everest Insurance International.A summary of these new hires follows here. Liberty Mutual Re Names Swiss Re’s Chisolm...
Nov 9 2023 // Liberty Mutual Holding Co. on Thursday reported third quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time.“Solid underwriting results in our Global Risk Solutions...
Oct 27 2023 // Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S.The terminations will be felt in several departments this month and many will become...
Oct 25 2023 // Liberty Mutual has agreed to repay $7.7 million to more than 86,000 policyholders for auto and homeowners insurance policies for allegedly violating several state insurance regulation laws.In a consent order filed with the...
Aug 10 2023 // Liberty Mutual Holding Co. reported a second-quarter net loss of $585 million, driven by catastrophe losses of about $2.27 billion.Tim Sweeney, president and CEO, said weather losses were primarily from widespread wind and...
Jul 27 2023 // Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses...
Jul 17 2023 // Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small commercial lines business in long-term strategic markets....
Jul 17 2023 // What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multimillion dollar property policy?In the case...