Boston-based Liberty Mutual Group announced a major restructuring intended to revamp how it interacts with mid-sized businesses.
The company said henceforth it would rely solely on agents and brokers to distribute its commercial property/casualty insurance products to the middle market. Accordingly, Liberty Mutual entered into definitive agreements to sell the policy renewal rights of its middle market operations to three firms: Itasca, Ill.-based Arthur J. Gallagher & Co., Chicago-based Hub International (Hub) and USI Holdings Corp. (USI) of Briarcliff Manor, N.Y. Each of the firms has extended job offers to many of the Liberty Mutual Group sales and service professionals, the company said.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access