All the headlines from our Liberty Mutual Topic Page, ordered by recency.
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...
Jul 7 2023 // This edition of International People Moves details appointments at Swiss Re, BMS Re, and QBE Canada.A summary of these new hires follows here. Swiss Re Taps AGCS’s Shahkarami as Head P&C SolutionsSwiss Re has...
Jul 6 2023 // Though the U.S. commercial auto insurance industry’s 2022 combined ratio came in above 100 for the fourth time in five years, Liberty Mutual and Auto-Owners started 2023 with double-digit growth in direct premiums,...
Jul 3 2023 // Liberty Mutual Names Johnson President of Field Operations & Marketing, Global Risk Solutions North AmericaLiberty Mutual Insurance, based in Boston, Mass., appointed Ben Johnson as president of field operations &...
Jun 20 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...
Jun 15 2023 // Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for €2.3 billion ($2.5 billion), as part of its plan to expand in non-life insurance.Liberty...
May 30 2023 // Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International. “The acquisition...
May 22 2023 // Aspen Appoints Boon as Head of Singapore; Morely Relocates to LondonAspen Insurance Holdings Limited has appointed industry veteran Tay Boon Chuan as head of Singapore, effective June 1. Aspen is headquartered in Hamilton,...
Feb 24 2023 // The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in 2022.President and...
Feb 23 2023 // Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty...
Feb 13 2023 // Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts.The office aims to build and scale Liberty...