Liberty Mutual Insurance is pleased to announce the appointment of Michael Prestileo as senior vice president & general manager of distribution, with responsibilities for sales and service across the benefits organization.
Insurer’s National Insurance Operation Continues to Expand Appetite, Capabilities and Products to Provide Tailored, Flexible Solutions to Complex Risks.
To help its group benefits distribution partners better meet the needs of their mid-size, large and national clients, Liberty Mutual Insurance has hired Brian Roth as vice president, Partnership Development.
Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, announced today that it has teamed with Huntersure LLC, a program administrator, to provide Transactional Liability insurance.
Liberty Mutual Insurance today announced that it will market for sale 10 St. James Avenue and 75 Arlington Street, two office buildings totaling nearly 825,000 square feet that the company owns and partially occupies in Boston’s desirable Back Bay.
Rebecca Schechter to lead Liberty Mutual Benefits. Will continue Liberty Mutual Benefits’ growth as a leading benefits carrier.
Liberty Mutual Insurance and Sanpower Group Co., Ltd., one of China’s leading private enterprises, announced today they have agreed to create a joint venture from Liberty Mutual’s current Chinese property and casualty insurance operations. Sanpower will hold a 51 percent controlling interest in the company and Liberty Mutual a 49 percent minority interest once the transaction is completed following approval by the appropriate regulatory authorities, including the China Insurance Regulatory Commission (CIRC).
Effective August 5, 2016 Liberty Mutual Insurance Group has completed a transaction to increase its overall interest in its non-life insurance joint venture company Liberty Videocon General Insurance Co. Ltd. (Liberty Videocon) to 49 percent consequent to changes in local regulations in India that now permit foreign companies to hold up to 49 percent of Indian insurance companies.