June 09, 2011
Liberty Mutual Group announced today that Edmund F. Kelly, 65, will retire from active management in Liberty Mutual on June 28, 2011, and that David H. Long, 50, will become President and Chief Executive Officer effective June 29, 2011. Mr. Kelly will continue to serve as Chairman of the Board of Liberty Mutual Holding Company.
Mr. Long has served in various leadership positions at Liberty Mutual over his 25-year career with the company, including most recently as President.
"Personally it gives me great pleasure to hand the reins over to David," said Mr. Kelly. "As I have worked more closely with him in the past year, I have been more and more impressed with the newly elected CEO of this great company. David's management and leadership skills make him the ideal person for the job."
Mr. Long said, "I am indeed fortunate to follow Ted Kelly as Liberty Mutual's CEO. Ted has been a tremendous mentor to me and his mark on our company sets an extraordinary standard for all of us. I look forward to working with the senior management team and our employees to continue positioning Liberty Mutual Group as a leader among global insurers."
About Liberty Mutual Group
"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Group is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on A.M. Best Company's report of 2010 net written premium.
The Group also ranks 82nd on the Fortune 100 list of largest corporations in the U.S. based on 2010 revenue. As of December 31, 2010, Liberty Mutual Group had $112.4 billion in consolidated assets, $95.4 billion in consolidated liabilities, and $33.2 billion in annual consolidated revenue.
Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety. Liberty Mutual Group (www.libertymutualgroup.com) employs over 45,000 people in more than 900 offices throughout the world.
Contact:
John Cusolito
617-574-5512 (Work)
617-877-6991 (Cell)
