All the headlines from our Liberty Mutual Topic Page, ordered by recency.
Feb 2 2004 // Boston-based Liberty Mutual Group announced that it has appointed Tim Rose as the new president of Liberty Mutual Property, replacing Doug Nelson who advanced to executive vice president of the company’s Business...
Jan 21 2004 // Toronto-based Meloche Monnex, a subsidiary of Toronto-Dominion Bank, has agreed to acquire Liberty Mutual Group’s Canadian automobile and homeowner insurance operations for an undisclosed price.When the acquisition...
Jan 7 2004 // Combined Agents of America LLC (CAA), based Austin, Texas, reported that Seattle-based Safeco has signed a master contract with all 28 CAA member agencies.Under the contract all CAA members gain access to this major...
Dec 5 2003 // Seattle-based Safeco’s board of directors has elected Tom Hutton as director effective Jan. 1, 2004.Hutton is the former president and CEO of Risk Management Solutions (RMS), a provider of licensed software, data and...
Dec 3 2003 // Score one for the industry! Liberty Mutual Group and MetLife Auto & Home announced settlements of around $2 million – in their favor- in a multi-million dollar insurance fraud suit against attorneys and medical...
Dec 2 2003 // Standard & Poor’s has assigned its ‘A’ counterparty credit and financial strength ratings to the nine companies that constitute the Liberty Insurance Holdings Intercompany Pool (LIH Pool, formerly...
Nov 25 2003 // Seattle-based Safeco Business Insurance (SBI) has expanded its online sales platform to make it faster and easier for agents to sell workers compensation insurance to small businesses.The update means agents can go online...
Nov 24 2003 // Liberty Mutual will open an office in the southwestern city of Chonquing in December, marking the company’s entry into the Chinese P/C market. Liberty had received the go ahead from the China Insurance Regulatory...
Nov 18 2003 // Safeco announced that claims stemming from the recent California wildfires are estimated at $16.0 million in pretax catastrophe losses. This figure represents the estimated losses both from claims received through Nov. 14...
Nov 6 2003 // Seattle-based Safeco declared a regular dividend of 18.5 cents per share on its common stock. The dividend is payable Jan. 26, 2004 to shareholders of record on Jan. 9, 2004.
Oct 28 2003 // Safeco – which recently announced a clear focus on Property & Casualty insurance – reported strong third-quarter underwriting results in most insurance lines.“We generated healthy underwriting...
Oct 22 2003 // A new nationwide survey by Safeco Corp. found most small-business owners are ill-prepared to recover costs if disaster strikes, such as company’s payroll, operating expenses and profits, and aren’t...
Oct 21 2003 // Fitch Ratings commented that following a review of Liberty Mutual Insurance Co.’s (Liberty) public disclosures regarding the completion of the insurance company’s ‘grounds up’ asbestos reserve...
Oct 20 2003 // S&P affirmed its “BBB+” counterparty credit rating on Safeco Corp. and its “A+” counterparty credit and financial strength ratings on the members of the Safeco Insurance Co. Intercompany Pool,...
Oct 10 2003 // In a major enhancement to its point-of-sale automation, Seattle-based Safeco has unveiled plans for a single, unified web-based technology platform that will reportedly make it faster and easier for independent...
Oct 7 2003 // Seattle-based Safeco named Maurice Hebert corporate controller. Hebert, 40, joins Safeco from AIG SunAmerica. He served in a number of key financial roles at the Los Angeles-based company including, most recently, vice...
Oct 2 2003 // Standard & Poor’s Ratings Services commented on SAFECO Corp. and its subsidiaries.On Sept. 29, 2003, Standard & Poor’s affirmed its ‘BBB+’ counterparty credit rating on SAFECO Corp. and...
Sep 30 2003 // Aiming to be one of the top-performing companies in its sector, Safeco unveiled a new corporate structure with a clear focus on delivering Property & Casualty insurance products. As a result, Safeco intends to sell...
Sep 30 2003 // Following the completion of a previously announced review, Safeco strengthened reserves for workers’ compensation, affecting third-quarter financial results by $0.96 per diluted share.Safeco increased loss reserves...
Sep 26 2003 // With hurricane season still generating powerful storms, and cold weather rain and snow not too far away, homeowners might be surprised to learn the most common cause of water damage to personal property isn’t from...