Liberty Mutual Insurance’s Board of Directors has elected Timothy M. Sweeney as Chairman of Liberty Mutual Holding Company Inc., effective April 9. Sweeney, who currently serves as President and Chief Executive Officer, will succeed David H. Long, who is retiring as Chairman and Director. Long has been with Liberty Mutual for 40 years, becoming President […]
Fayetteville Technical Community College and Caliber Celebrate Partnership
Fayetteville Technical Community College (FTCC), in Fayetteville, N.C. welcomed representatives from Caliber to campus April 3 in a day of events showcasing the power of partnership. FTCC and Caliber have a longstanding relationship centered around the automotive and repair service company’s Changing Lanes education program. Through the no-cost, 15-week program, which is a Career Skills […]
Liberty Mutual Insurance to Sell Thailand and Vietnam Operations to Chubb
Liberty Mutual Insurance has agreed to sell its operations in Thailand and Vietnam to Chubb Limited. Terms of the deal have not been disclosed. Thailand is expected to close by the second quarter of 2025 and Vietnam is expected to close in 2026, subject to certain closing and regulatory conditions. The sale includes LMG Insurance […]
Safeco Insurance Announces Book Transfer Agreement for Main Street America Personal Lines Business
Agreement includes seven lines of business, including auto, in 22 states. Safeco Insurance, a Liberty Mutual company, has entered into a book transfer agreement with Main Street America Insurance, a well-established property and casualty carrier currently offering commercial and farm and ranch products as well as fidelity and surety bonds nationwide. In 2018, Main Street […]
State Farm Premiums Written Up Nearly 24% in Second Quarter
S&P Global says the company remains largest auto insurer in the U.S. State Farm Mutual Automobile Insurance Co. remained the largest personal auto insurer in the US during the second quarter amid a record quarter for the sector, according to an S&P Global Market Intelligence analysis. The insurer’s direct premiums written surged nearly 24% — […]
Pennsylvania Collision Repair Facility Owner Charged with Submitting $426,000 in Inflated Insurance Claims
The Bucks County District Attorney office has charged the owner of the Chalfont Collision Center, located in Chalfont, Pa., who is alleged to have submitted nearly 300 false insurance claims over several years to four insurance companies, pocketing more than $426,000 in payouts. John Paul Reis, 56, of Newtown Township, turned himself in yesterday on […]
Liberty Mutual Insurance Joins MIT-led Global Climate Change Alliance
Liberty Mutual Insurance announced its membership to the MIT Climate and Sustainability Consortium (MCSC), supporting the acceleration and implementation of large-scale, real-world solutions to address climate change. Liberty Mutual joins 17 other member companies in the Consortium’s efforts to inspire transformative climate progress across industries and the globe. “We believe collaboration is a critical component […]
Timothy Sweeney Appointed CEO at Liberty Mutual Insurance Starting in 2023
Current Chairman and Chief Executive Officer David H. Long announces retirement at end of 2022. Liberty Mutual Insurance announced that Chairman and Chief Executive Officer David H. Long will retire at the end of 2022 and serve as the company’s Executive Chairman of the Board of Directors. The organization’s Board of Directors appointed Timothy M. […]
Liberty Mutual Completes State Auto Acquisition
Liberty Mutual Insurance has completed the acquisition of State Auto Group, a super-regional property and casualty insurance holding company headquartered in Columbus, Ohio that distributes personal and small commercial coverages in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual’s Global Retail Markets US business unit. Through […]
Kim Garland to Lead State Auto After Close of Liberty Mutual Acquisition
State Auto Financial Corporation (NASDAQ:STFC) announced the intention of Liberty Mutual Insurance to appoint Kim Garland, currently senior vice president of personal & commercial lines and managing director of State Auto Labs, as president of State Auto following the completion of Liberty Mutual’s pending acquisition. The deal is expected to close in 2022, pending receipt […]