Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett’s Berkshire Hathaway Inc. for covering the insurance company’s liabilities tied to asbestos. The 4.85 percent, 30-year notes were sold to …
Liberty Mutual Insurance said it has reached a deal with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual’s U.S. workers’ compensation, asbestos and environmental liabilities. …
As baby boomers soon begin turning 70, the number of seniors on the road will rise steadily over the next two decades. There are currently more than 23 million licensed drivers aged 70 and older (Federal Highway Administration) and a …
Liberty Mutual Insurance is working with National Equipment Register (NER) to provide its Inland Marine Contractors’ Equipment customers increased protection from equipment theft. The insurer is now offering an endorsement that waives the theft deductible up to $10,000 if customers …
Liberty Mutual is as passionate about protecting your business as you are about making it thrive. That’s the theme of the newly launched domestic brand campaign for Liberty Mutual’s Commercial Insurance strategic business unit. Working with Boston-based advertising agency Hill …
Liberty Mutual Insurance’s commercial insurance strategic business unit has appointed Thomas J. Kelley as vice president and managing director for the East Division. Based in Philadelphia, Kelley is responsible for working with brokers to help large companies throughout the mid-Atlantic …
Liberty Mutual Insurance Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), was granted final approval on June 27th to commence business in Shandong by the China Insurance Regulatory Commission (CIRC). Headquartered in Chongqing, LICL received CIRC approval …
The dangers of distracted driving have been widely reported, but few consider distracted crossing of streets and roads to be a major safety risk in this country. According to the Liberty Mutual Insurance Pedestrian Safety Survey, 60 percent of pedestrians …
Liberty Mutual announced that Glenn T. Shapiro has been appointed executive vice president, commercial insurance, and chief claims officer. Shapiro succeeds George A. Neale, who recently retired from the company. Based in the company’s Boston home office, Shapiro will lead …
Liberty Mutual Insurance announced it is planning to retire its regional brands in 2013 to focus on the more recognizable Liberty Mutual brand. “We’re retiring the brand names of our eight commercial lines regional companies that sell exclusively through independent …