175 Berkeley St., Boston, MA 02116
www.libertymutual.com
2010 1st quarter net income: $315 million
Key officers: Edmund Kelly, Chairman, President, Chief Executive Officer, A. Alexander Fontanes, Executive Vice President & Chief Investment Officer
Liberty Mutual offers insurance lines for personal and business coverage throughout the world ranging from the United States, Brazil and China to Turkey and Vietnam. With 400 offices located throughout the United States, the company specializes in personal coverage lines that include automobile, life, renters, and homeowner insurance as well as commercial coverage to mid and large-size companies. It is the fifth-largest property and casualty insurer in the United States and is among the top 10 automobile insurance providers.
Some quick facts about Liberty Mutual:
The company was founded as the Massachussets Employees’ Insurance Association in 1912 to provide insurance to workers. It became Libery Mutual Insurance Company in 1917.. As it was in 1917, the company is still owned by its policyholders and not stockholders.
Over its history, Liberty Mutual has spearheaded various social innovations. The company opened the first rehabilitation center in the country in Boston in 1943 and introducted two protype “safety cars” in 1957 that offered new features to guard against whiplash. The company also introduced safety belts to the world.
Libery Mutual made a major acquistion in 2008 when it bought and incorporated the Safeco Corporation into its operations.
The company recently received an “A” rating for financial strengthfrom A.M. Best.
Source: libertymutual.com, Hoovers.com
Compiled by Life Quotes, Inc. staff
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