Page 1
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12
Page 13
Page 14
Page 15
Page 16
Page 17
Page 18
Page 19
Page 20
Page 21
liBertymutuAlAnnouncesreAlignmentnAmes4uniteXecutiVesBoston-headquarteredinsurancegiantLibertyMutualsaiditisrealigningitsstrategicbusinessunits.Thecompanywhichreported139millionprotforits2012second-quarterearlierWednesdayalsonamedexecutivesthatwillleadeachofitsfournewstrategicbusinessunitsSBUs.ThechangesincludebringingtogetheritsregionalcompanyandcommercialmarketsgroupcombiningdomesticpersonallinesbusinessandcreatingaglobalspecialtyunitcombiningLibertyInternationalUnderwritersLibertyMutualReinsuranceandLibertyMutualSurety.Theinsureremphasizedhoweverthatthisisnotaconsolidationorreorganization.x1cThischangeisdesignedtomakeiteasierforagentsandcustomerstodobusinesswithus.Italsowillallowustobetterleverageourscaleandexpertisebyspreadingbestpracticesandinvestmentsinproductsservicesandinnovationacrosstheglobalenterprisex1dsaidLibertyMutualspokesmanJohnCusolito.x1cWearerealigningourstrategicbusinessunitsintofournewSBUseffectiveimmediately.x1dThecompanyhasinformeditsemployeesaboutthenewlyformedbusinessunits.AgentsreceivedthecommunicationregardingthechangefromthecompanyonWednesdayJuly25.Thefournewlyrealignedbusinessunitsx14andthetopexecutiveforeachunitx14areasfollowsCommercialInsurancewhichwillservestandardlinesaccountsofallsizesbyprovidingonefacetotheagentandbrokercommunity.ThisbusinessunitwilloffercommercialproductsandservicesfromLibertyMutualx19scommercialmarketsaswellasLibertyMutualAgencyCorp.x19sregionalcompanies.Thecompanysaidagentsandbrokerswillbenetfromcontinuedregionalfocusandauthorityenhancedbygreaternationalcapabilitiesandresources.LibertyMutualsaidJ.PaulCondrinwillleadCommercialInsurance.PriortohisappointmentCondrinwasresponsibleforLibertyMutualAgencyCorp.thecompanyx19sbusinessunitthatprovidescommercialandpersonalinsurancethroughindependentagentsacrosstheUnitedStates.PersonalInsurancewillincludealldomesticpersonallinesbusiness.LibertyMutualandSafecobrandsandproductswillbemaintainedanddistributionchannelswillcontinuetobemanagedseparately.LeadingPersonalInsurancewillbeTimothySweeney.PriortohisappointmentSweeneywasresponsibleforLibertyMutualPersonalMarkets.GlobalSpecialtywhichwillincludeallLibertyMutualInsuranceSpecialtylinesbusinessLibertyInternationalUnderwritersLibertyMutualReinsuranceandLibertyMutualSurety.Thecompanysaidbrokersandclientswillcontinuetodobusinessastheyhaveinthepast.ThetopexecutiveforGlobalSpecialtywillbeChristopherPeirce.PriortohisappointmentPeircewasresponsibleforLibertyMutualCommercialMarketsthecompanyx19sbusinessunitthatprovidedpropertycasualtygroupbenetsinsuranceandreinsurance.libertyInternationax7willcontinuetofocusonlocalcountryoperationsinArgentinaBrazilChileChinaColombiaHongKongIndiaIrelandPolandPortugalRussiaSingaporeSpainThailandTurkeyVenezuelaandVietnam.LuisBonellwillcontinuetoleadLibertyInternational.page12APublicationofIndependentInsuranceAgentsofWV