Liberty Mutual Group Inc. today announced that it has commenced a cash tender offer to purchase any and all of its Series A Junior Subordinated Notes on the terms and subject to the conditions described in its Offer to Purchase and related Letter of Transmittal dated today.
Liberty Mutual Insurance announced today it has signed a definitive agreement to acquire the global surety and credit reinsurance operations of AmTrust Financial Services, Inc. (AmTrust), a multinational property and casualty insurer specializing in coverage for small to midsized businesses.
Today, Liberty Mutual announced the conclusion of its strategic review of its London-based Pembroke Managing Agency Limited and Dublin-based Ironshore Europe DAC businesses, acquired through the Ironshore purchase in May of 2017. As a result of the review, Liberty Mutual has reached an agreement to sell its Pembroke Managing Agency, Ironshore Europe operations (IEDAC) and Visionary (Dubai) to Hamilton Insurance Group, subject to regulatory approval.
Liberty Mutual Group Inc. today announced the pricing of its previously announced offers to certain eligible holders to exchange new senior notes due 2029 for three series of its outstanding notes: its 5.000% Senior Notes due 2021; its 4.950% Senior Notes due 2022; and its 4.250% Senior Notes due 2023.
Liberty Mutual Group Inc. today announced the early participation results of its previously announced offers to certain eligible holders to exchange new senior notes due 2029 for three series of its outstanding notes: its 5.000% Senior Notes due 2021; its 4.950% Senior Notes due 2022; and its 4.250% Senior Notes due 2023.
Liberty Mutual Group Inc. today announced that it has commenced offers to exchange new senior notes due 2029 for three series of its outstanding notes: its 5.000% Senior Notes due 2021; its 4.950% Senior Notes due 2022; and its 4.250% Senior Notes due 2023.
Liberty Mutual completed a new transaction utilizing the Limestone Re capital markets platform that provides approximately $150 million of collateralized reinsurance capacity for its U.S. property catastrophe program, as well as its U.S. homeowners and global property reinsurance businesses.
Liberty Mutual Insurance announced today that it is undertaking a strategic review of its London-based Pembroke Managing Agency Limited, acquired through the lronshore purchase in May of 2017. The company has retained Evercore to serve as its adviser through the process.
Limestone Re Ltd., a Bermuda domiciled segregated account company, issued $278 million of participating notes to investors in a private placement transaction that provides collateralized reinsurance for Liberty Mutual's U.S. property catastrophe program, as well as its U.S. homeowners and global property reinsurance risk.
On May 1, 2018, Liberty Mutual closed on the sale of Liberty Life Assurance Company of Boston to Lincoln Financial Group. The transaction included reinsuring Liberty's Individual Life and Annuity business to Protective Life Insurance Company._