January 27, 2015 6:23 AM ET


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 a...

175 Berkeley Street

Boston, MA 02116

United States

Founded in 2001





Key Executives for Liberty Mutual Group Inc.

Chief Executive Officer and President
Age: 53
Vice President and Director of Investor Relations
Chief Underwriting Officer of Liberty Mutual Commercial Markets and Executive Vice President
Head of Specialty Construction Operation for Liberty Mutual Commercial Markets
Senior Vice President of Consumer Marketing
Compensation as of Fiscal Year 2014.

Liberty Mutual Group Inc. Key Developments

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.

D2 Insurance Reportedly In Talks To Acquire Kompanion

ZAO D2 Insurance is holding talks on acquiring Kompanion Insurance, reported Vedomosti citing market sources. According to the reports, D2 Insurance may also buy the retail business of Kompanion. According to informed sources, AlfaStrakhovanie Group, Renaissance Insurance Group, Ltd. and Liberty Mutual Group Inc. are also aspiring to acquire Kompanion Insurance. Kompanion may cost approximately RUB 1 billion.

Liberty Mutual Group Inc. Issues Additional $400 Million of 4.25% Senior Notes, Due 2023

Liberty Mutual Group Inc. settled the issuance of $400 million of 4.25% Senior Notes, due 2023. The Notes issued constitute a reopening of the $600 million aggregate principal amount of the Notes that the company issued on June 18, 2013. Proceeds of the reopening are expected to be used to finance recent debt repurchases and for general corporate purposes. The Notes were offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended and to non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes will not be registered under the Securities Act and, therefore, may not be offered or sold in the United States absent an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

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