On October 29, 2024, Beacon Funding Trust (the “Trust”) issued $1.25 billion of 6.266% Pre-Capitalized Trust Securities (the “P-Caps”). The Trust will use the proceeds of the offering to purchase the required amount of Eligible Assets and will enter into a Facility Agreement and Trust Expense Reimbursement Agreement with Liberty Mutual Group Inc. (the “Company”).
Liberty Mutual Holding Company, Inc. today announced certain preliminary estimated financial information in respect of the third quarter of 2024 and its preliminary estimate of certain recent catastrophe losses in support of a potential capital markets transaction.
Liberty Mutual Insurance President and Chief Executive Officer Tim Sweeney today announced that Julie Haase has been named Executive Vice President and Chief Financial Officer, effective Jan. 1, 2025. Current Executive Vice President and Chief Financial Officer Chris Peirce announces retirement at end of 2024.
On March 1, 2024, Liberty Mutual closed the sale of its Liberty Seguros business in Chile, Colombia, and Ecuador to Talanx AG’s Retail International Division, HDI International.
On February 28th, 2024, Liberty Mutual Group Inc. announced its intention to redeem €500,000,000 3.625% Series D Junior Subordinated Notes due 2059 on May 23, 2024, at redemption price.
On January 31, 2024, Liberty Mutual closed the sale of its Liberty Seguros business in Spain, Portugal, Ireland, and Northern Ireland to Generali.
On November 22, 2023, Liberty Mutual closed the sale of its Liberty Seguros business in Brazil to the Retail International division of the Talanx Group, HDI.
Liberty Mutual Insurance President and Chief Executive Officer Tim Sweeney today announced key organizational changes and executive leadership appointments aimed at enhancing focus on long-term strategic markets, while better leveraging scale advantages to drive improved profitability and faster innovation.
Liberty Mutual Insurance and Generali Group announced today that they have signed a definitive agreement for Generali to acquire Liberty Seguros, S.A. -- Liberty Mutual’s personal lines and small commercial insurance business headquartered in Madrid.
The Talanx Group rises to become the third-largest insurer by premium income in property/casualty business in Latin America through the acquisition of companies from Liberty Mutual Insurance Inc. The Retail International division of the Talanx Group has signed a purchase agreement to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, and Ecuador.