Liberty Mutual
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The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn. -
Auto, umbrella and excess lines recorded mid-double-digit rate increases in Q2.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March.
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Last month, Insurance Insider US revealed that former GTS Americas head Scott Pegram had left the company.
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The broader legislation narrowly passed the Senate and now heads to the House.
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The partnership is being formed via Liberty Mutual’s Ironshore subsidiary.
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Fallon will retire in January 2026 after 30 years at the company.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Scott Pegram had been at Liberty Mutual for over six years in various senior roles.
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Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
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The executive has been with the firm since 2011.
