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December 01, 2015 9:20 PM ET


Company Overview of Liberty Mutual Insurance Company

Company Overview

Liberty Mutual Insurance Company provides insurance products and services. It offers property and casualty insurance products; auto, home, and life, as well as personal liability insurance products; and claim services. The company’s products include car, motorcycle, other specialty vehicles, and umbrella insurance; homeowners, renters, condominium, landlord, umbrella, flood, and mobile home insurance; and life insurance. It serves clients in agriculture/farm, building maintenance, construction, education, energy, financial services, food and beverages manufacturing, healthcare, hospitality (hotels), manufacturing, printing and publishing, real estate, religious organizations, restaurants, re...

175 Berkeley Street

Ninth Floor

Boston, MA 02116

United States

Founded in 1912





Key Executives for Liberty Mutual Insurance Company

Chairman, Chief Executive Officer and President
Age: 54
Executive Vice President of Commercial Insurance and President of National Insurance Operations - Commercial Insurance
Executive Vice President and President of Commercial Insurance
Age: 54
President of Southwest Region
President of Mid-Atlantic Business Insurance Operations
Compensation as of Fiscal Year 2015.

Liberty Mutual Insurance Company Key Developments

Liberty Mutual Insurance Appoints Debbie Michel to Lead National Insurance Casualty Unit

Liberty Mutual has appointed Debbie Michel executive vice president and general manager of its National Insurance Casualty unit. In her new role, Debbie will oversee the underwriting, sales, and service of casualty insurance products for the large risk market, while continuing her leadership duties of Helmsman Management Services, Liberty Mutual’s wholly-owned third-party administrator. Debbie, a 20-year veteran of Liberty Mutual, has held leadership positions in a number of key underwriting, distribution, accounting, marketing, and claim operations within the company’s Commercial Insurance strategic business unit. Most recently, she was president of Helmsman Management Services.

Liberty Mutual Insurance Company Reports Earnings Results for the Second Quarter Ended June 30, 2015

Liberty Mutual Insurance Company reported earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported net written premium growth excluding Venezuela and normalizing for changes in FX is just under 5%. But the primary growth drivers were stable and are improving retention levels across most of business segments. pretax operating income, including LP and LLC income, was down 69% to $171 million in the quarter. The three main drivers of the decline in order of negative magnitude was: the timing and impact of hyperinflation and devaluation accounting in Venezuela over the past 18 months, which cost $144 million quarter-over-quarter; quarterly catastrophe losses of $800 million that were $125 million higher than last year; the decline in LP and LLC income predominantly driven by lower valuations in the energy sector, something around $66 million. PTOI or pretax operating income of $66 million was down $74 million compared to second quarter of 2014, with the increase in Personal Insurance and catastrophe losses of $81 million accounting for more than the shortfall.

Liberty Mutual Insurance Appoints Jamie Trish as President of Northeast Business Insurance Region

Liberty Mutual Insurance has appointed Jamie Trish to President of its Northeast Business Insurance operations effective July 1, 2015. Ms. Trish will be responsible for the profitable growth of business in the region that includes Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont. Ms. Trish's appointment coincides with the retirement of Michael Christiansen, whose career with Liberty Mutual Insurance spanned nearly 30 years, most recently serving as President of Northeast Business Insurance operations. Ms. Trish joined Liberty Mutual in 2006. She has been part of the Northeast leadership team for three years, serving as Regional Vice President for the New York Metro region. Prior to her Regional Vice President role, Trish was a senior leader in commercial lines underwriting operations, overseeing the delivery and implementation of commercial lines underwriting and rating systems and processes.

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