PRINCETON, N.J.--(BUSINESS WIRE)--NJ PURE, a leading medical malpractice insurer in New Jersey, announced today that it has entered into a strategic alliance with Liberty International Underwriters, a division of Liberty Mutual Insurance. Liberty Mutual is rated A (Excellent) by AM Best.
“Our policyholders now have the additional comfort of knowing that NJ PURE’s policies are backed by Liberty Mutual, a financially strong, A-rated global insurer,” said Eric S. Poe, chief litigation and marketing officer of NJ PURE. “This underscores NJ PURE’s reputation as a physician advocate. We believe Liberty Mutual’s commitment to us is a testament to our business model and long term viability.”
“We look forward to working with NJ PURE and its high quality management team,” said Carl Pursiano, senior vice president and chief underwriting officer of US Specialty Casualty for Liberty International Underwriters, specialty lines division, Liberty Mutual Insurance.
About NJ PURE
NJ PURE is a not-for-profit reciprocal exchange entering its 12th year of business and expects this agreement to further its growth significantly. NJ PURE is a medical professional liability insurance provider headquartered in Princeton, NJ and founded during the medical malpractice crisis in 2002 by James J. Sheeran, a former state insurance commissioner, and Lena Chang, PhD an award winning insurance actuary and expert. For more information about NJ PURE, visit www.njpure.com.
About Liberty Mutual Insurance
Boston‐based Liberty Mutual Insurance is a diversified global insurer that ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.
Liberty International Underwriters is the global specialty lines division of Liberty Mutual Insurance.