Liberty mutual :
There are many insurance-based companies in United States, Liberty Mutual is one of them and it’s one of the major insurance service providers.
Everyone want’s to keep their assets secure and the best way is to get an insurance against it. Whether it’s your property, car, health, etc. insurance is one of the best ways to get coverage against the losses due various conditions.
The Liberty insurance providers are one the most opted insurance service providers in the US. Liberty insurance is also popular in other countries as well. Before we talk about more about Liberty Mutual let’s look at the history of it.
History :
The Liberty Mutual was started way back in 1912. Currently there are more that 50,000 employees and 900 offices in US. The main headquarters is at Boston, Massachusetts, United States. They also have many branches worldwide.
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In other countries, subsidiaries are often created in countries where legally recognized mutual company benefits cannot be enjoyed.
The company has also made scientific contributions, the Liberty Mutual Research Institute for Safety has been involved in studying the safety and health of workers.
Growth and Acquisitions :
Coming to company’s growth the company has larger acquisitions in the past couple of decades. Earlier the company had small acquisitions. In 2008 Liberty Mutual acquired high-profile company called as Safeco Corporation. Due to this the company’s revenue increased from 6 billion to 30 billion in just 12 years.
In 2011, the company began construction of the Liberty Mutual Tower, a 22-story skyscraper as part of its World Headquarters Expansion Project. The building received its certificate of occupancy in June 2013.
Recently, Liberty Mutual in May 2017 acquired Ironshore Inc.Hamilton, Bermuda from Fosun International Limited for $2.93