Who owns Liberty Life Insurance Company?
The move aligns the company more closely with its Bermuda-based corporate parent, Athene Holding Ltd., which acquired Liberty Life from Royal Bank of Canada in April 2011. “We purchased Liberty to provide a platform for the growth of our fixed annuity businesses in the United States,” said James R. Belardi, CEO of Athene Holding.
Does Liberty Mutual offer stock or life insurance?
In 1964, Liberty Mutual Insurance Company began offering life insurance through its Liberty Life Assurance Branch. In 2002, the company converted into its current mutual holding company structure, which would allow it to offer stock while remaining a mutual company.
When did Liberty Mutual change its name to Liberty Mutual?
The first branch office was opened in 1914, and later that year, the company wrote its first automobile insurance policy. The name was changed in 1917 to the Liberty Mutual Insurance Company and, through partnerships, the company began offering full-coverage auto policies.