Monday, November 7, 2011

Liberty Mutual Insurance Company,-US


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Liberty Mutual Group, more commonly known by the name of its primary line of business Liberty Mutual, is a diversified global insurer and the third largest property and casualty insurer in the United States based on 2010 net written premium. It is the 82nd company on the Fortune 500 list for 2011. Based in Boston, Massachusetts, it employs over 45,000 people in more than 900 locations throughout the world. As of December 31, 2010, Liberty Mutual Group had $112.35 billion in consolidated assets, $95.4 billion in consolidated liabilities, $17.0 billion in policyholders' equity, and $33.2 billion in annual consolidated revenue. The company, founded in 1912, offers a wide range of insurance products and services, including personal automobile, homeowners, workers’ compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety.
LMG owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China(including Hong Kong), Colombia, India, Ireland, Poland, Portugal, Singapore, Spain, Thailand, Turkey, Venezuela, and Vietnam.
The current CEO is David H. Long, who succeeded his predecessor Edmund (Ted) F. Kelly on June 29, 2011. Ted Kelly was appointed CEO in 1998.
Liberty Mutual Group
Type      Mutual
Industry               Insurance
Founded              Boston, Massachusetts,
United States (1912)
Key people         David H. Long (CEO)
Services               Property and Casualty Insurance
Revenue              $33.2 billion
Employees          Over 45,000 (2010)
Website               libertymutualgroup.com


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