AT LIBERTY TO CHANGE

October 2, 2000

Liberty Mutual Insurance Co. plans to reorganize to a mutual holding company in an effort to give itself room to grow and increase access to investment capital. Edmund Kelly, president and CEO, told the Boston Herald: “In the long run, we are intent on growing through acquisitions.” The company is made up of Liberty Mutual, Employers Insurance of Wausau and Liberty Mutual Fire Insurance Co.