Liberty Mutual Buys Safeco, Widens Reach to West Coast

Hemenway, Chad
June 2008
Best's Review;Jun2008, Vol. 109 Issue 2, p101
Trade Publication
The article reports on the acquisition of Safeco Corp. by the Liberty Mutual Group. It is inferred that the purchase, which amounted to $6.2 billion, was the result of the soft market's condition. Company president Gary Gregg mentions how the acquisition affects the standing of the Liberty Mutual Group among U.S. property/casualty insurers.


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