Property and casualty (P&C) insurer Liberty Mutual Insurance coverage has appointed Timothy Sweeney as chairman of Liberty Mutual Holding Firm.
Sweeney took on the brand new duty on 9 April 2025.
He’s at the moment the corporate’s president and CEO, roles he assumed in January 2023 after David Lengthy stepped down as CEO.
He’ll now additionally succeed Lengthy as chairman and director upon Lengthy’s retirement.
Sweeney mentioned: “David’s tenure has been outlined by his unwavering dedication to excellence and the well-being of our staff. His management has remodeled challenges into alternatives, guaranteeing that our core values stay on the centre of every part we do.
“On behalf of our board of administrators and all the organisation, I want to thank David for a exceptional 4 a long time on the firm and need him and his household the perfect within the years to return.”
Lengthy’s profession at Liberty Mutual spans 4 a long time.
He grew to become president in 2010, was named CEO in 2011, and took on the position of chairman in 2013.
Based in 1912 and based mostly in Boston, Liberty Mutual is claimed to be the ninth-largest world P&C insurer based mostly on gross written premium for 2024.
As of 31 December 2024, the corporate recorded $50.2bn in annual consolidated income.
Liberty Mutual employs greater than 40,000 folks throughout 29 international locations.
Its choices embrace a broad vary of insurance coverage services and products comparable to business car, business multiple-peril, business property insurance coverage, common legal responsibility, householders, private car, reinsurance, specialty strains, surety and staff compensation.
Final month, the corporate introduced plans to market and promote all private strains merchandise underneath the Liberty Mutual model by 2026.
It will outcome within the retirement of the Safeco Insurance coverage model, a part of the corporate’s impartial agent channel since its acquisition in 2008.
