All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Jun 27 2008 // In a twist to a scandal that has rocked the insurance industry over the last several years, a New York appeals court has ruled that contingent commissions paid out by Boston-based Liberty Mutual Group Inc. are not...
Jun 23 2008 // Seattle-based Safeco received the Silver Anvil Award, sponsored by the Public Relations Society of America. The Silver Anvil, which recognizes outstanding achievement in strategic public relations planning and...
Jun 16 2008 // Mapfre, CommerceSpain’s largest insurer, Mapfre S.A., said it has completed its acquisition of The Commerce Group Inc., the 20th largest auto insurer in the country. Mapfre paid $36.70 per share of Commerce’s...
Jun 16 2008 // Max Specialty, Guaranty CasualtyMax Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an...
Jun 10 2008 // Retail and wholesale brokers working with Negley Associates can now add workers compensation coverage to their clients’ professional liability, general liability, directors and officers liability, excess liability...
Jun 9 2008 // Seattle-based Safeco announced that its safe teen driving solution, Teensurance is now available nationwide.Teensurance offers a set of online tools to encourage safe driving, including a GPS-based device – the...
Jun 6 2008 // Maryland Insurance Commissioner Ralph S. Tyler has fined Liberty Mutual companies for failure to issue proper notices of proposed rate increases to consumers. Liberty Mutual was fined $25,000 and returned nearly $450,000...
Jun 4 2008 // The period during which federal officials might raise antitrust concerns over Liberty Mutual Group’s proposed acquisition of Safeco Corp. has expired. The expiration of the waiting period under the Hart Scott Rodino...
Jun 3 2008 // The Liberty Mutual Group announced that it and its partner Dabur GI Invest Corp plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution...
May 27 2008 // State Farm and several smaller Northwest-based auto insurers continue to be among the best at taking care of their customers after an accident. And some of the other larger, best-known insurers –including...
May 20 2008 // Standard & Poor’s Ratings Services has assigned its ‘BB+’ junior subordinated debt rating to Liberty Mutual Group Inc.’s (LMGI) Series C junior subordinated notes in an amount up to $1.25...
May 20 2008 // Washington’s Insurance Commissioner’s Office is currently seeking proposals from consultants in the areas of accounting and legal services to review the proposed sale of Safeco Insurance Companies to Liberty...
May 19 2008 // AmWINS, Beacon Risk StrategiesCharlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not...
May 7 2008 // Costco and Safeco are offering business insurance to businesses that are Costco members, effective May 2008.According to information on Costco’s Web site, Costco business members may secure up to a 10 percent...
May 6 2008 // Boston-based Liberty Mutual Group reported net income of $360 million for the three months ended March 31, 2008, an increase of $10 million over the same period in 2007.Net written premium for the first quarter was $6.256...
May 5 2008 // Boon for Buyer“This is the opportunity to take West Coast inventiveness and launch it with a global brand at a substantial premium to Safeco shareholders.” —Safeco President and CEO Paula Roseput Reynolds,...
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete.Ryan founded Aon, which has...
May 5 2008 // BB&T Insurance Services, Union Bank of CaliforniaRaleigh, N.C.-based BB&T Insurance Services reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary,...
May 5 2008 // Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and...
May 5 2008 // Safeco and Liberty Mutual Agency Markets companies are a “great fit” geographically and by line of insurance, according to Gary Gregg, president of Liberty Mutual Agency Markets.He said Safeco’s strength...