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,Vietnam, and Russia.
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.
Read more about Liberty Mutual: History, Liberty Mutual Research Institute For Safety, Subsidiaries
Famous quotes containing the words liberty and/or mutual:
“As liberty of thought is absolute, so is liberty of speech, which is “inseparable” from the liberty of thought. Liberty of speech, moreover, is essential not only for its own sake but for the sake of truth, which requires absolute liberty for the utterance of unpopular and even demonstrably false opinions.”
—Gertrude Himmelfarb (b. 1922)
“Then, anger
was a crease in the brow
and silence
a catastrophe.
Then, making up
was a mutual smile
and a glance
a gift.
Now, just look at this mess
that you’ve made of that love.
You grovel at my feet
and I berate you
and can’t let my anger go.”
—Amaru (c. seventh century A.D.)