Liberty Mutual sees 2Q profits up on lower catsLiberty Mutual’s underwriting performance swung to a profit in the second quarter, with the Boston-based carrier clocking a combined ratio of 97.9 percent.
Liberty rebrands and taps GC to launch Italian reinsurance businessLiberty Specialty Markets has hired Massimiliano Fantini to lead an Italian reinsurance operation based out of Rome and Milan.
Liberty Mutual’s Limestone Re grows to almost $700mnUS insurance giant Liberty Mutual’s Bermuda-based sidecar Limestone Re has bolstered its collateral by $278mn after a new private placement.
Liberty escapes worst of Q1 cats to double profitsBoston-based Liberty Mutual more than doubled its first quarter profits year-on-year to $649mn as the firm avoided a significant catastrophe bill in the first three months of 2018.
Liberty Mutual Specialty profits absorb heavy cat lossesBoston-based Liberty Mutual’s specialty division reported pre-tax operating income of $92mn for the fourth quarter despite its share of the period’s catastrophes nearly doubling to $120mn year-on-year.