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August 29, 2015 4:23 AM ET

Insurance

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

Phone:

617-357-9500

Fax:

617-350-7648

Key Executives for Liberty Mutual Insurance Company

Chairman, Chief Executive Officer and President
Age: 54
Executive Vice President of Commercial Markets, General Manager of Major Accounts and President of Helmsman Management Services
Executive Vice President and President of Commercial Insurance
Age: 54
President of National Insurance Operations - Commercial Insurance
President of Southwest Region
Compensation as of Fiscal Year 2015.

Liberty Mutual Insurance Company Key Developments

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.

Liberty Mutual Insurance Appoints Will Gaines as National Medical Director of Commercial Insurance Strategic Business Unit

Liberty Mutual Insurance has appointed Dr. Will Gaines, MD, MPH, as national medical director of its Commercial Insurance strategic business unit. Dr. Gaines is responsible for managing the Property & Casualty industry’s large team of regional medical directors, as well as the strategies and tools that help Liberty Mutual and Helmsman Management Services, its wholly-owned third party administrator better manage the cost of workers compensation claims by delivering superior medical outcomes for injured employees quickly and cost-effectively. Every day, Liberty Mutual’s regional medical directors engage with treating physicians, advise on individual claims, and improve the application of resources to help produce better medical outcomes and effective return to work.

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