Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 13, 2016 8:02 PM ET

Insurance

Company Overview of Liberty Mutual Group, Inc.

Company Overview

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

United States

Founded in 2001

Phone:

617-357-9500

Fax:

617-451-0783

Key Executives for Liberty Mutual Group, Inc.

Chairman, Chief Executive Officer and President
Age: 54
Executive Vice President and Chief Financial Officer
Age: 56
Executive Vice President and Chief Investment Officer
Executive Vice President and Chief Information Officer
Vice President and Director of Investor Relations
Compensation as of Fiscal Year 2015.

Liberty Mutual Group, Inc. Key Developments

Liberty Mutual Group To Raise Stake In Liberty Videocon General Insurance

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

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

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.

Similar Private Companies By Industry

Company Name Region
Insurance Revolution, Inc. United States
The North River Insurance Company United States
Sanilac Mutual Insurance Company United States
Prudential Arizona Reinsurance Term Company United States
St. Paul Surplus Lines Insurance Company United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Liberty Mutual Group, Inc., please visit www.libertymutualgroup.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.