David H. Long (CEO)
Chairman, President & CEO
Christopher Locke Peirce
Executive VP, CFO & Director
Fernando Cambara Lodigiani
Senior VP of Sales & Distribution and CEO of Chile Operations
Liberty Mutual was founded in the year 1912. The company has been operational for almost 106 years now. The former name of the company was the Massachusetts Employees Insurance Association. The company was formed as a result of a Massachusetts state law, which was passed in the year 1911, for protecting the employees with worker’s compensation insurance. In the year 1914, the first branch office of the company was opened as well. The same year, the company also wrote its first automobile insurance policy as well. The company was mainly founded as Massachusetts Mutual Company, which was name changed in the year 1917, as Liberty Mutual Insurance Company. The company also started to offer auto policies with full coverage as well.
Starting in the year 1964, the company began to offer life insurance policies via its Liberty Life Assurance Branch. Then in the year 2002, the company was converted to a mutual holding company structure. The conversion was very much controversial, and therefore a lawsuit was also filed by some shareholders towards the company too. The lawsuit was settled in the year 2001, which also required additional disclosures and even a certain limited amount of compensation to the company directors and officers. The same year, the conversion plan was also approved by the shareholders. This made the company one of the world's leading casualty and property insurance companies. The growth of the company in the later days has been through both organic terms and also through acquisition terms as well. In the year 2008, the company had purchased Safeco Corporation. The acquisition amount resulted in almost $6.2 billion. The company created its first commercial television advertisement in the year 2006. Then in the year 2011, the company had started the construction of Liberty Mutual Tower - which will be a 22-storeyed skyscraper, which will be a part of its World Headquarters Expansion Project. In the year 2013, the building had received a certificate of occupancy. As of the year 2017, the company had acquired Ironshore Incorporated, for about $2.9 billion. The headquarters of the company is based in 141 Congress Street. The name of the place is Boston, while the name of the state is Massachusetts, USA. The pin code of the area is 02110.
Liberty Mutual is an American company that focuses on providing various kinds of insurance policies, products and services to its customers, all over the world. The current CEO and chairman of the company are David H Long. As of the year 2017, the total amount of revenue generated by the company is more than $39,400 million. Also, as of the year 2017, the total number of employees working at the company is more than 50,000. The company is placed at 68th number in the Fortune 100 companies list. The company currently has its presence not only in the USA but also in countries like - Colombia, India, Malaysia, Portugal, Poland, Spain, Thailand, the UK, Vietnam, etcetera.
The primary services provided by the company include allowing customers and clients to obtain various kinds of insurance policies and services, offered by the company itself. The company offers personal insurance policies, automobile insurance policies, homeowner's insurance policies, worker's compensation insurance policies, fire and safety insurance policies, etcetera.
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