Liberty Mutual is pleased to announce the appointment of Rebecca Schechter as executive vice president, Commercial Insurance and president, Liberty Mutual Benefits.
Schechter will lead Liberty Mutual Benefits, which offers a suite of employee benefits products and services, including disability, life, voluntary and absence management, along with individual life and annuity products. Liberty Mutual Benefits’ employer segment - which earned $1.4 billion in employee benefits revenue, covered more than 3 million lives and had a 95 percent customer retention rate in 2015 - is the fastest growing group life and disability carrier, according to Gen Re Group Market Survey. Its individual segment is the leader in the bank life insurance market, according to first quarter 2016 data from LIMRA.
Schechter joined Liberty Mutual Benefits in July, 2015 as senior vice president and general manager, Liberty Mutual Benefits Distribution. Over the past year, she has played an integral role in building the sales and service organizations to effectively grow the business.
Schechter has nearly 20 years of experience in the financial services industry and is well-versed in technology, operations and growing businesses. Prior to joining Liberty, she held a number of senior roles, most recently as senior vice president in institutional investor servicing at State Street Corporation.
“Rebecca’s record of success at Liberty and her broad perspective from senior roles outside of the insurance industry will help her continue Liberty Mutual Benefits’ growth as a leading benefits carrier with a comprehensive suite of innovative products, superior customer-facing service and best-in-class technology,” notes Paul Condrin, president, Liberty Mutual Commercial Insurance.
More information on Liberty Mutual Benefits’ offerings for employers is available at https://business.libertymutualgroup.com/business-insurance/coverages/employee-benefits. Information on its individual life and annuity products can be seen at https://www.libertymutual.com/life-insurance.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. The company is the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. Liberty Mutual is ranked 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. As of December 31, 2015, the company had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $37.6 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in over 800 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more by visiting www.libertymutualinsurance.com.
