Long has been with Liberty Mutual for 37 years, rising through the ranks to become President in 2010, Chief Executive Officer in 2011, and Chairman in 2013. Liberty Mutual has grown to become the sixth-largest global property and casualty (P&C) insurer under his leadership as CEO, and has received numerous awards for its philanthropic, workplace culture, and diversity, equity, and inclusion (DEI) efforts. Long's notable contributions include:
- Establishing strong financial growth and stability, with $156 billion in assets (+33%), $39.8 billion in capital (+78%), and $48.2 billion in revenues (+39%).
- Strategically positioning the company in key markets through major acquisitions such as Ironshore, AmTrust Financial Services, State Auto Group, and AmGeneral, which the company announced plans to acquire in 2021.
- Creating the Offices of DEI and Sustainability, launching the annual ESG report, and announcing DEI representation goals to focus on key Environmental, Social, and Governance (ESG) transformation.
- Improving the lives of the most vulnerable members of the community through nearly $600 million in total giving; the establishment of Liberty Torchbearers with a record 75 percent employee giving/service participation rate supporting more than 12,000 non-profit organizations; and a fourfold increase in charitable giving through the Liberty Mutual Foundation to an annual distribution of $50 million.
"For nearly four decades, Liberty Mutual has been a part of my life. Over the years, the company has gone through significant change, challenges, and transformation, and I've been fortunate to be a part of it all "Long stated. "Tim is an exceptional leader who will continue to propel the organization forward by capitalizing on the strength of our global organization. I'm grateful to our employees for making this an exceptional place to work by doing what's right for our customers, partners, communities, and each other."
"David has shaped Liberty Mutual into a world-class P&C provider that is stronger than ever and will be there for its customers in the future," said Bill Van Faasen, the company's Lead Director. "He has led the organization to tremendous growth while emphasizing the company's identity and values. David believes in putting people first and leading with empathy and transparency, and the Board of Directors appreciates his commitment to the company. We have complete faith in Tim and know that he will continue to lead Liberty Mutual forward."
Long serves on the boards of several organizations in addition to Liberty Mutual, including Eversource Energy, Massachusetts Competitive Partnership, Tamarack Technologies, Ford's Theatre in Washington, D.C., and Massachusetts General Hospital, where he also serves as Chairman for its annual Aspire gala fundraiser to benefit children and young adults on the autism spectrum. He also serves on the MIT President's CEO Advisory Board and is Chair of the Hartwick College Board of Trustees. In recognition of his philanthropic leadership, he was honored by the Boston-based USS Constitution Museum and Bridge Over Troubled Waters, a non-profit supported by the Liberty Mutual Foundation that serves homeless and at-risk youth.
Sweeney, who has been with Liberty Mutual for nearly 30 years, is the company's tenth CEO in its 110-year history. In 2021, he was named President, with responsibility for the organization's three business units: Global Risk Solutions, Global Retail Markets (GRM), and Liberty Mutual Investments. Sweeney previously held a number of senior leadership positions in GRM, the company's global personal and small commercial insurance division.
"It is an incredible honor to succeed David and lead this incredible company of 47,000 global employees, each of whom brings their full commitment to deliver for our customers every day," Sweeney said. "I am grateful to David, the Board of Directors, and the entire Liberty Mutual community for their trust and support. I am excited to continue building on our tremendous success as we embark on the next chapter of the company's history together."
Sweeney, who is based in Boston, is committed to DEI and serves as the co-executive sponsor of Liberty Mutual's Employee Resource Group for people with disabilities, caregivers, family members, and allies. He also serves on the boards of Blue Cross Blue Shield of Massachusetts, the Statue of Liberty-Ellis Island Foundation, Inc., the Massachusetts General Hospital annual Aspire gala fundraiser, and the Massachusetts Business Roundtable's Executive Committee. Sweeney has a Master of Business Administration from Harvard Business School, a Bachelor of Arts in economics from Harvard University, and a Lowell High School diploma.