BOSTON--(BUSINESS WIRE)--To help schools, municipalities and other public entities better manage risk, Liberty Mutual Insurance has created a practice dedicated to these markets, and has appointed Susan L. Kostro, chief underwriting officer, Public Entity.
Kostro will be responsible for profitably growing Liberty Mutual’s book of education and government risks by blending a broad set of products with dedicated underwriting, risk engineering and claims resources and services. In this role, she will pull from Liberty Mutual’s considerable experience with education and government risks, and her own experience and knowledge, having led practices dedicated to specific vertical markets at several large insurers.
“Liberty Mutual has a long history of working with agents and brokers on education and government accounts, providing us with the understanding and experience needed to help our policyholders better manage their total cost of risk,” notes Kostro. “I am excited to join Liberty Mutual and look forward to creating an operation that is best in class in the industry. Our considerable experience in the field combined with the depth of Liberty Mutual’s products allow us to further grow our presence in these markets by efficiently delivering expertise and underwriting capabilities. We are committed to helping schools and municipalities improve safety, mitigate risk, and minimize claim costs in all lines of business including general liability, commercial auto and workers compensation.”
Before joining Liberty Mutual, Kostro was a senior vice president in Ironshore’s Public Entity Division and held a number of senior positions in the public entity, energy and construction practices of Lexington Insurance Company and American International Group. She began her professional career at Liberty Mutual as a senior underwriter for Business Lines.
More information on Liberty Mutual’s Public Entity practice can be seen at http://www.libertymutualgroup.com/public-entities.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own 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 and economies 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 78th on the Fortune 100 list of largest corporations in the U.S. based on 2014 revenue. As of December 31, 2014, the company had $124.3 billion in consolidated assets, $104.0 billion in consolidated liabilities, and $39.6 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.
Learn more by visiting www.libertymutualinsurance.com.