Liberty Mutual Hires Citigroup’s Dowling in WashingtonMegan Hickey
Liberty Mutual Holding Co., the third-largest seller of property-casualty coverage in the U.S., hired Colin Dowling to lead its public affairs office in Washington as policy makers weigh capital standards and laws on terrorism protection.
Dowling joins from Citigroup Inc. where he was a managing director, running state and local government-affairs programs, according to a Business Wire statement today from Boston-based Liberty Mutual.
U.S. and international lawmakers are scrutinizing the balance sheets of the largest financial companies as they seek to avoid a repeat of the 2008 rescues required to prop up banks and insurers such as American International Group Inc. Policyholder-owned Liberty Mutual, which didn’t take a bailout from the U.S. Treasury Department, said its government-relations group is also evaluating possible changes in laws about taxes, trade and terrorism.
“At a time of increasing convergence of state, federal and international policy initiatives, Colin’s broad experience at both the state and federal levels and across the insurance and banking sectors, makes him an ideal person” to run the Washington office, Paul Mattera, the insurer’s chief public affairs officer, said in the statement.
Mark Costiglio, a spokesman for New York-based Citigroup, declined to comment.