Latest Liberty Mutual Headlines

All the headlines from our Liberty Mutual Topic Page, ordered by recency.

S&P Lowers Rating on Cosipa to ‘BBB-‘

Jul 5 2005 // Standard & Poor’s Ratings Services announced that it has lowered its rating on Cosipa Overseas Ltd.’s $175 million senior floating-rate notes to “BBB-” from “A” and removed it from...

Liberty Mutual Alternative Markets Adds Three Execs to Management Team

Jul 5 2005 // Liberty Mutual Alternative Markets has appointed Chris Ridge as managing director of captive management, Sue Urie as captive management consultant and Eliot Pardee as underwriting manager.Ridge, Urie and Pardee increase...

Liberty Mutual Expands Home Replacement Cost Coverage for Calif. Catastrophe Victims

Jun 24 2005 // When this year’s wildfires rage across California, will a home insurance policy be enough to pay to repair or rebuild a damaged house? Maybe … but maybe not. Yet some California homeowners are less concerned...

Bradley Poe

Jun 6 2005 // The Harry W. Gorst Co. has hired Bradley T. Poe to manage its new Irvine, California office. He will be responsible for new business and staffing. Poe began his career on the retail side of the business almost 14 years...

Bradley Poe

Jun 6 2005 // The Harry W. Gorst Co. has hired Bradley T. Poe to manage its new Irvine, California office. He will be responsible for new business and staffing. Poe began his career on the retail side of the business almost 14 years...

Safeco Names Kelly New CIO

May 24 2005 // Seattle-based Safeco has named Richard Kelly as the company’s new chief investment officer.Kelly brings more than 20 years of experience in analyzing, executing and leading investment strategies for property and...

Safeco Names Horne Senior Vice President and Controller

May 12 2005 // Seattle-based Safeco has named Charles Horne senior vice president and controller, effective immediately. Since July 2002, Horne has served as Safeco’s vice president-Audit Services, with responsibility for managing...

Liberty Mutual Becomes 10th Insurer to Reduce N.Y. Auto Rates

May 9 2005 // Liberty Mutual, a Boston-based insurer with more than a quarter-million New York auto policyholders, has agreed to reduce premiums by an average of three percent. Liberty Mutual’s New York customers, who are insured...

Safeco Exec Tells SIAA: Independent Agents Key Value is at Point-of-Sale

May 9 2005 // Insurance companies value the personal knowledge of customers that independent agents have and sometimes this point-of-sale personal touch can override even the most sophisticated of rating technology, according to a...

Safeco Increases Dividend to Shareholders by 14 Percent

May 4 2005 // Seattle-based Safeco’s board of directors announced an increase to the company’s quarterly dividend. The board declared a regular quarterly dividend of $0.25 per share, payable on July 25, 2005 to shareholders...

Best Affirms Ratings for Safeco Insurance Companies; Outlook Revised to Positive

May 3 2005 //

Safeco Unveils Updated Businessowners Policy

Apr 28 2005 // Seattle-based Safeco announced the expansion of one of its commercial products, offering independent insurance distributors the opportunity to write Businessowner Policies (BOPs) for larger customers in more business...

Safeco Sees Strong Q1 Numbers

Apr 19 2005 // Seattle-based Safeco on Tuesday reported strong first-quarter results for 2005.The company produced net income for the first quarter of $212.0 million, or $1.65 per diluted share. This compares with net income of $236.2...

MORE OPPOSITION TO ACE PLAN:

Apr 18 2005 // Liberty Mutual Group has joined a group of insurers opposing the acquisition of ACE American Reinsurance Company by Randall & Quilter Investment Holdings Ltd. Boston-based Liberty Mutual has requested that the...

Study Shows Hot Water Tanks, Washing Machines Most Likely to Cause Damage

Apr 18 2005 // Of all the appliances found in the home, the water heater and washing machine are the most likely to cause serious damage and leave homeowners financially high and dry.According to a nationwide analysis by Safeco...

SIAA Keynoter Describes Successful Agents as Smart, Efficient, Well-Informed

Apr 15 2005 // “The best way for a consumer to buy insurance is to use the services of an independent agent, but to be successful that agent has to be smart, efficient and well-informed,” Mike LaRocco, Safeco Insurance...

ING Closes Chile P/C Sale to Liberty Mutual

Apr 14 2005 // The Netherlands ING Group announced that it has closed its transaction to sell ING Chile’s property & casualty insurance operation, ING Seguros Generales, to Boston-based Liberty Mutual Group. The sale was...

SIAA Meeting: 2004’s Top Performers, Top Rookie, Top Recruiter Honored

Apr 14 2005 // Last year’s top agencies, the “rookie of the year” and the “recruiter of the year” were honored by the Strategic Independent Agents Alliance on April 14 during SIAA’s 19th semi-annual...

Safeco Names Roe President – Distribution, Sales and Marketing Starting April 18

Apr 13 2005 // Seattle-based Safeco named Jeffrey Roe as the company’s new president of Distribution, Sales and Marketing, effective April 18, 2005.Roe, who joins Safeco from health-care insurer Premera Blue Cross, will be...

Safeco President to Address SIAA Orlando Conference; Discussions to Focus on Key Branding

Apr 11 2005 // Representatives of more than 150 Strategic Independent Agents Alliance’s Master Agency, Strategic Partner Companies and vendors will attend the April 13-15 semi-annual business meeting at the Marriott World Center in...