All about Liberty Mutual
This is an American insurance company which has been founded in 1912, in Boston. Liberty has 900 world wide offices at present, with 39,000 employees. It is the one which got 102 number on Fortune 500 of 2006 on the largest American operations and in 39th position on Equal Opportunity Magazines annual top 50 employers list.
This provides business units such as
1)Personal Market: Provides coverage for private automobiles, Home Automobiles, Home Owners and valuable possessions through its own sales force in USA about 370 offices and two direct response centers.
2)Commercial Markets: Which provides through five business units like risk and disability management and risk transfer services.
3)Agency Markets: It markets and distribute their products and services primarily through agents and brokers. Consists mainly of property and casuality, and speciality insurance carriers.
4)International Operations: It also carries international operations around 11 countries for personal and commerical insurances. The countries it carries are Argentina, Brazil, Chile, China, Chile, Colombia, Hong Kong, Portugal, Singapore, Spain, Thailand and Venezuela.
The resources says that Liberty Mutual has approximately $21.2 billion in annual consolidated revenue and around $78.8 billion in consolidated assets by December 31, 2005. Liberty Mutual Group operates by four strategic business units with no single unit contributing more than 30 percent of net premium written.
The three principal mutual companies of the group are:
Liberty Mutual Insurance Company
Liberty Mutual Fire Insurance Company
Employers Insurance Company of Wausau
Liberty Mutual has received numerous awards and honors which are listed below:
1)It has being awarded as a patriot and Secretary of Defense Employer Support Freedom for being an American employer who provides exceptional support to "Citizen Soldiers" in the National Guard and Reserve.
2)Liberty Mutual as one of the Top 50 Employers by Equal Opportunity Magazine rating.
3)National Safety Council's Green Cross for Safety Medal.
4)Better Business Bureau's Local Torch Award for Excellence.
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