Liberty Mutual Announces Leadership Changes

BOSTON--()--The Liberty Mutual Group of Insurance Companies in Boston today announced a series of leadership changes for three of the company’s four business units. Thomas C. Ramey, 65, chairman and president of Liberty International, who has led that business unit since 1998, will retire in mid 2009. He will remain chairman until that time.

Succeeding Mr. Ramey as president is David H. Long, 47, currently president of the company’s commercial insurance business unit. J. Paul Condrin, 47, currently president for personal lines, will take over as president of commercial lines; and Timothy M. Sweeney, 43, now executive vice president of distribution for personal lines, will become that unit’s president.

The changes will become effective January 1, 2009.

“These moves result from a long-term succession plan,” said Edmund F. “Ted” Kelly, Liberty Mutual Group’s chairman, president and chief executive officer. “We are fortunate to have an exceptionally strong group of executives who have helped the company grow profitably over several years. Each one of them brings proven skills and valuable experience to his new role.”

About Liberty Mutual

Boston-based Liberty Mutual Group is a diversified global insurer and sixth largest property and casualty insurer in the U.S. based on 2007 direct written premium. The Company also ranks 94th on the Fortune 500 list of largest corporations in the U.S. based on 2007 revenue. As of December 31, 2007, Liberty Mutual Group had $94.7 billion in consolidated assets, $82.3 billion in consolidated liabilities, and $25.9 billion in annual consolidated revenue.

Liberty Mutual Group offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety.

Liberty Mutual Group (www.libertymutualgroup.com) employs over 45,000 people in more than 900 offices throughout the world.

Contacts

Liberty Mutual Group
John Cusolito, 617-574-5512
john.cusolito@libertymutual.com

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Contacts

Liberty Mutual Group
John Cusolito, 617-574-5512
john.cusolito@libertymutual.com