Liberty Mutual Group, Inc., through its subsidiaries, provides property and casualty insurance products. It offers commercial markets products, such as auto/fleet, captives, construction, energy, general liability, package, program management, property, umbrella and excess liability, workers compensation, and global programs; auto, home, and life products, including car, homeowner, and renters insurance; and contract surety for construction firms, manufacturers, and suppliers, as well as commercial surety for corporations and individuals. The company also provides coverage for private passenger automobile, valuable possessions, and personal liability; traditional and variable life insurance ...
175 Berkeley Street
Boston, MA 02116
Founded in 2001
Liberty Mutual Group To Raise Stake In Liberty Videocon General Insurance
Sep 27 15
Liberty Mutual Group, Inc. is set to buy 31% stake in Liberty Videocon General Insurance Company Limited from Videocon Industries Ltd. (BSE:511389). Videocon Group Chairman V N Dhoot said this was a part the group's plan to unlock value in some of its businesses, including insurance and energy investments across the world.
Progressive Loses Appeal in Telematics Lawsuit against Liberty Mutual
Aug 27 15
Progressive Corp. lost its appeal in a lawsuit against Liberty Mutual Group Inc. over the validity of some of Progressive's usage-based insurance patents. Progressive claimed that Liberty, Allstate Corp.'s Allstate Insurance Co., State Farm Mutual Automobile Insurance Co. and the Hartford Financial Services Group Inc. unit Hartford Fire Insurance Co. infringed on patents related to online customer experience, insurance telematics, and driving scores that support Progressive's Snapshot program. The claims were consolidated into the one lawsuit against Liberty Mutual, which challenged the validity of Progressive's patents and won in March 2014. The U.S. Court of Appeals for the Federal Circuit upheld the outcome.
Liberty Mutual Group Inc. Issues Senior Unsecured Notes
Jul 23 14
Liberty Mutual Group Inc. announced that A.M. Best has assigned a debt rating of "bbb" to the $750 million 4.850% senior unsecured notes due 2044, issued by the company. The outlook assigned is stable. The existing ratings of the company and its subsidiaries are unchanged. The company intends to use the net proceeds to repay short-term financing in connection with the group's purchase on July 17 of a combined aggregate adverse development cover from National Indemnity Company.