Liberty Mutual News

Property and casualty insurance provider Safeco Corp. (SAF) agreed on Apr. 23 to be acquired by Liberty Mutual Group in a deal valued at $6.2 billion. Safeco shareholders would receive $68.25 per share for each share held, a nearly 51% premium to Safecos closing price of $45.23 on Apr. 22. News of the proposed acquisition lit a charge under Safeco shares, pushing them up 46% to $65.94 on Apr. 23. The acquisition would make Boston-based Liberty Mutual the fifth-largest property and casualty i...

FARMINGTON HILLS, Mich., Feb. 6 /PRNewswire/ -- Daimler Financial Services Americas is supporting the retail sales launch of the smart fortwo in the United States with a comprehensive package of finance and insurance products for consumers and dealers. (Photo: http://www.newscom.com/cgi-bin/prnh/20080206/CLW027 ) Daimler Financial is providing inventory financing for smart USA Distributor LLC, wholesale financing for dealer inventories, retail financing for smart fortwo owners and has teamed...

Liberty Mutual Group, a diversified global insurer, has received approval from the Chinese Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in that country. The subsidiary will be called Liberty Insurance Company, Ltd., and will be headquartered in the city of Chongqing, where the company has had an office since 2003. Liberty Mutual said the license would allow it to expand its general insurance capabilities, including coverage for individuals and small and medium ...

WINDSOR, Conn., July 27 /PRNewswire/ -- Liberty Mutual Group's Agency Markets business unit has partnered with Rackley Solutions to provide real- time access to auto, home and package rates through SETWrite(TM), Rackley's new Web-based rating product which allows agents to enter information once into Rackley's web interface and receive real-time rates and related information directly from Agency Markets regional companies located across the country.States being released in October include: GA, ...