Liberty Mutual Insurance names new chairman

Property and casualty (P&C) insurer Liberty Mutual Insurance has appointed Timothy Sweeney arsenic president of Liberty Mutual Holding Company.

Sweeney took connected the caller work connected 9 April 2025.

He is presently the company's president and CEO, roles helium assumed successful January 2023 aft David Long stepped down arsenic CEO.

He volition present besides win Long arsenic president and manager upon Long’s retirement.

Sweeney said: “David's tenure has been defined by his unwavering committedness to excellence and the well-being of our employees. His enactment has transformed challenges into opportunities, ensuring that our halfway values stay astatine the centre of everything we do.

“On behalf of our committee of directors and the full organisation, I would similar to convey David for a singular 4 decades astatine the institution and privation him and his household the precise champion successful the years to come.”

Long’s vocation astatine Liberty Mutual spans 4 decades.

He became president successful 2010, was named CEO successful 2011, and took connected the relation of president successful 2013.

Founded successful 1912 and based successful Boston, Liberty Mutual is said to beryllium the ninth-largest planetary P&C insurer based connected gross written premium for 2024.

As of 31 December 2024, the institution recorded $50.2bn successful yearly consolidated revenue.

Liberty Mutual employs much than 40,000 radical crossed 29 countries.

Its offerings see a wide scope of security products and services specified arsenic commercialized automobile, commercialized multiple-peril, commercialized spot insurance, wide liability, homeowners, idiosyncratic automobile, reinsurance, specialty lines, surety and workers compensation.

Last month, the institution announced plans to marketplace and merchantability each idiosyncratic lines products nether the Liberty Mutual marque by 2026.

This volition effect successful the status of the Safeco Insurance brand, portion of the company’s autarkic cause transmission since its acquisition successful 2008.

"Liberty Mutual Insurance names caller chairman" was primitively created and published by Life Insurance International, a GlobalData owned brand.

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