Liberty Mutual Insurance today announced the creation of a new "Limestone Capital Markets" platform, with an inaugural multi-year collateralized _reinsurance transaction led by the newly-formed Bermuda domiciled segregated account company, Limestone Re Ltd.
Liberty Mutual Group Inc. ("LMGI") disclosed that from September 30, 2016 through December 19, 2016, LMGI repurchased $108,681,000 in principal of its 10.75% Series C Junior Subordinated Notes, due 2088 ("Series C Notes"). As of December 19, 2016, $67,766,000 in principal of the Series C Notes remained outstanding.
Liberty Mutual Insurance announced today that is has signed a definitive agreement to acquire Ironshore Inc., a premier global specialty lines company, from Fosun International Limited.
Liberty Mutual Group Inc. (LMGI or the Company) settled an inaugural euro bond issuance of €750 million of 2.75% Senior Notes, due 2026. The Company was interested in EUR-denominated debt to expand their investor footprint and better match euro exposure in its sizeable European operations. Proceeds of the offering are expected to be used for general corporate purposes.
Liberty Mutual Insurance Completes Acquisition to Become Largest General Insurer in Chile and Names Fernando Cambara Lodigiani CEO of Chile Operations
Liberty Mutual Insurance, one of the largest property and casualty insurers in the world, announced the completion of its acquisition of approximately 99.6% of Compaa de Seguros Generales Penta Security S.A. (Penta Security) in Chile.
Liberty Mutual Insurance Enters into Reinsurance Agreement with National Indemnity Company (full disclosure)
Liberty Mutual Insurance reached a definitive agreement with National Indemnity Company (NICO), a subsidiary of Berkshire Hathaway Inc., on a combined aggregate adverse development cover for substantially all of Liberty Mutual Insurances U.S. workers compensation, asbestos and environmental liabilities.
Liberty Mutual Insurance Enters Into Agreement to Sell Summit Holding Southeast, Inc. to American Financial Group
Liberty Mutual Insurance reached a definitive agreement to sell Summit Holding Southeast, Inc. and its related companies (together, Summit) to American Financial Group (NYSE/NASDAQ: AFG) in an all-cash transaction
Liberty Mutual Group Inc. (LMGI or the Company) settled the issuance of $400 million of 4.25% Senior Notes, due 2023 (the Notes). The Notes issued constitute a reopening of the $600 million aggregate principal amount of the Notes that the Company issued on June 18, 2013.
Liberty Mutual Group Inc. (LMGI) disclosed that from June 30, 2013 until September 27, 2013, the company repurchased $151,893,000 in principal of its 10.75% Series C Junior Subordinated Notes, due 2088 (Notes). As of September 27, 2013, $364,353,000 in principal of the Notes remained outstanding.
Liberty Mutual Group Inc. and Liberty Mutual Insurance Company Announce Expiration and Final Results of Cash Tender Offers
Liberty Mutual Group Inc. ("LMGI") and Liberty Mutual Insurance Company ("LMIC" and, together with LMGI, the "Issuers") announced the expiration and final results of their previously announced cash tender offer (the "Dutch Auction Offer")