Group to become fifth largest US property and casualty insurer with acquisition of Safeco
Liberty Mutual Group, the US parent company of Liberty International Underwriting (Europe), is looking to buy Safeco, the US SME insurer, for $6.2bn, reports said today.
The deal would make Liberty Mutual the fifth largest US property and casualty insurer.
Safeco will be offered $68.25 cash per Safeco share, a premium of over 50% to Safeco's closing stock price on Tuesday.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
