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Safeco to Take Personal Lines Renewal Business of Main Street America

Nov 13 2024 // Liberty Mutual’s Safeco Insurance has agreed to take the personal lines business of Main Street America, marking the second time in two months that Safeco has stepped in to assume a personal lines book of business...

Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses

Nov 7 2024 // Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million during the same period a year ago.Catastrophe losses remained elevated at nearly $1.1...

Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton

Oct 28 2024 // Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton.Parent Liberty Mutual Holding Company (LMHC) in a statement released some preliminary third quarter information...

Columbia Insurance to Transfer Personal Auto, Umbrella Books to Safeco

Sep 26 2024 // Safeco Insurance, a Boston-based Liberty Mutual Insurance company, said it has entered into a book transfer agreement with Columbia Insurance Group, a Central and Midwest regional carrier.Under the agreement, mutual...

Markets/Coverages: Liberty Mutual Re, Insurtech Sprout Offer Parametric Cover for Kenyan Coffee Farmers Facing Climate Risk

Aug 14 2024 // Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has partnered with insurtech firm Sprout Inc. and the Kenyan insurer Britam to launch a parametric insurance product, which aims to protect Kenyan...

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