Liberty Mutual Insurance Enhances Equipment Breakdown Capabilities

BOSTON--()--To better serve property brokers, agents and buyers, Liberty Mutual has enhanced its equipment breakdown operation by adding senior underwriting and technical engineering resources, and opening a San Francisco office.

“Equipment breakdown is a necessary coverage for complex global property risks,” notes Mike Martin, executive vice president and general manager, Liberty Mutual’s National Accounts Property. “We offer buyers and brokers a full product set supported by top-notch underwriting, engineering, and jurisdictional inspection resources. To help deliver this value, we hired three key positions and opened an office that enables us to be closer to our partners.”

The new staff includes:

  • John Volle, senior manager of Equipment Breakdown Reinsurance Assumed. John will work with insurers and brokers to provide cost-effective, quality equipment breakdown to their clients. Many insurers and brokers can benefit from expertise regarding equipment breakdown coverage. John has more than 20 years of reinsurance experience, most recently with Hartford Steam Boiler.
  • Jennifer Soul, director of underwriting for the Western Region. Jennifer will drive Liberty Mutual’s equipment breakdown business throughout the region from the San Francisco office. She has more than 10 years of engineering, sales and underwriting experience and joins Liberty Mutual from the Mutual Boiler Re division of FM Global.
  • Wilton “Boyette” Sanford, senior risk engineer. Boyette joins the Equipment Breakdown Technical Risk Engineering unit to help service complex equipment breakdown policyholders in high hazard industries, particularly heavy manufacturing, and with state-of-the-art equipment. In addition to directly servicing policyholders, he – and other members of the Technical Risk Engineering team – will help our broader team understand these complex industries and equipment. Boyette has more than 25 years of experience, most recently with Hartford Steam Boiler.

More information on Liberty Mutual’s property products, including equipment breakdown, can be seen at http://www.libertymutualgroup.com/business-insurance/business-insurance-coverages/property-insurance.

About Liberty Mutual Insurance

Liberty Mutual Insurance helps preserve and protect the things people earn and own and build and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.

In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.

Liberty Mutual is ranked 76th on the Fortune 100 list of largest corporations in the U.S. based on 2013 revenue. As of December 31, 2013, Liberty Mutual Insurance had $121.2 billion in consolidated assets, $102.2 billion in consolidated liabilities, and $38.5 billion in annual consolidated revenue.

Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.

You can learn more by visiting www.libertymutualinsurance.com.

Contacts

Liberty Mutual Insurance
Richard Angevine, 617-574-6638
richard.angevine@libertymutual.com

Release Summary

LIBERTY MUTUAL INSURANCE ENHANCES EQUIPMENT BREAKDOWN CAPABILITIES

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Contacts

Liberty Mutual Insurance
Richard Angevine, 617-574-6638
richard.angevine@libertymutual.com