Liberty Mutual Insurance announced changes to its dual-channel distribution strategy for specialty and excess & surplus (E&S) insurance solutions. The changes will improve ease-of-doing-business and better serve retail and wholesale brokers in efforts to meet the changing and increasingly complex and interconnected needs of businesses. Going forward, all US commercial, specialty and E&S products placed… Continue reading Liberty Mutual Insurance Announces Changes to its U.S. Dual-Channel Specialty and E&S Distribution Strategy
Tag: Liberty Mutual
Liberty Mutual Launches Digital Agency for Its 2,200 Exclusive Agent Team
Liberty Mutual Insurance, the nation’s sixth-largest provider of personal lines property and casualty insurance, has launched Comparion Insurance Agency. Liberty Mutual will transition its more than 2,200 exclusive agent team in over 200 local sales offices countrywide to Comparion, providing consumers with expert advice and tailored auto, home and small commercial insurance options from Liberty… Continue reading Liberty Mutual Launches Digital Agency for Its 2,200 Exclusive Agent Team
Liberty Mutual Insurance Seeks to Acquire Malaysian Insurer AmGeneral
Liberty Mutual Insurance will be applying for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Berhad (AmGeneral). AmGeneral is currently 51%-owned by AmBank Group and 49%-owned by Insurance Australia Group (IAG). Subject to receiving appropriate regulatory approvals, Liberty Insurance Berhad will acquire 100% shares of AmGeneral, and AmBank Group’s share of the sale proceeds will… Continue reading Liberty Mutual Insurance Seeks to Acquire Malaysian Insurer AmGeneral
AmTrust to Transfer Renewal Rights for Republic Personal Lines in Six States to Safeco
AmTrust Financial Services, Inc. today announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual company, to provide personal lines agents appointed with Republic General Agency a compelling opportunity to transition their Republic policies to Safeco beginning in the third quarter of 2020. AmTrust, a leading workers’ compensation and extended warranty provider,… Continue reading AmTrust to Transfer Renewal Rights for Republic Personal Lines in Six States to Safeco
Liberty Mutual Insurance Announces 19 Grants in $5 Million Effort to Address Youth Homelessness in Boston
Liberty Mutual Insurance today announced the first round of recipients of a $5 million philanthropic effort to support organizations in greater Boston working to reduce and end youth homelessness. Nineteen local non-profit organizations are among the first round of grant recipients announced today. Organizations awarded grants today were acknowledged during a ceremony in Boston’s South… Continue reading Liberty Mutual Insurance Announces 19 Grants in $5 Million Effort to Address Youth Homelessness in Boston
Kevin H. Kelley to Retire from Liberty Mutual Insurance
Liberty Mutual Insurance today announced that Kevin H. Kelley, Vice Chairman, Global Risk Solutions, will retire at the end of this year. In 2017, Kelley joined Liberty Mutual following the company’s acquisition of Ironshore Inc., where he was Chief Executive Officer. Under his leadership, Kelley led the company from its start-up beginnings into a global… Continue reading Kevin H. Kelley to Retire from Liberty Mutual Insurance
Liberty Mutual Announces New Limestone Re Ltd. Transaction
Liberty Mutual completed a new transaction utilizing the Limestone Re capital markets platform that provides approximately $240 million of reinsurance capacity from capital markets investors for the Company’s U.S. property catastrophe program and global treaty property reinsurance business. The transaction is comprised of $135 million of Bermuda Stock Exchange listed 2019-2 Notes issued by Limestone… Continue reading Liberty Mutual Announces New Limestone Re Ltd. Transaction
Liberty Mutual Completes Acquisition of the U.S. Surety Operations of AmTrust Financial Services
Liberty Mutual Insurance announced the completion of the acquisition of the business and operations of AmTrust Surety, the U.S. surety operations of AmTrust Financial Services, Inc., following satisfaction of customary closing conditions. The AmTrust Insurance Spain, Nationale Borg, and Nationale Borg Reinsurance portion of the acquisition is expected to close in the second half of… Continue reading Liberty Mutual Completes Acquisition of the U.S. Surety Operations of AmTrust Financial Services
Liberty Mutual Re Launches Reinsurance Unit in Mexico
Liberty Mutual Reinsurance, the reinsurance unit of Liberty Specialty Markets, has launched a new reinsurance operation in Mexico under Lloyd’s registration, to serve clients in both Mexico and Central America. The new unit will be led by General Manager Rosa Flores, who joins Liberty Mutual Reinsurance from her role as Chief Executive Officer (CEO) of… Continue reading Liberty Mutual Re Launches Reinsurance Unit in Mexico
Liberty Mutual to Sell Pembroke and Ironshore Europe to Hamilton Insurance Group
Today, Liberty Mutual announced the conclusion of its strategic review of its London-based Pembroke Managing Agency Limited and Dublin-based Ironshore Europe DAC businesses, acquired through the Ironshore purchase in May of 2017. As a result of the review, Liberty Mutual has reached an agreement to sell its Pembroke Managing Agency, Ironshore Europe operations (IEDAC) and… Continue reading Liberty Mutual to Sell Pembroke and Ironshore Europe to Hamilton Insurance Group