Liberty Mutual

Progressive included a 20% rebate for commercial lines customers with BOP and GL policies – potentially the first indication of rebates spreading from auto to small commercial customers.

At least one insurer, Chubb, has paused quoting casualty cover for new healthcare clients.

The insurer will have access to the data of customers driving 2020 model vehicles.

The Boston-based mutual insurer swung to a $299mn quarterly net loss from continuing operations as a $555mn reserve charge from liability, casualty, and specialty lines hurt results.

Former Ironshore and Lexington CEO Kevin Kelley has joined the PE firm.

Tracy Ryan moves from the role of chief claims officer at the division.

The move runs counter to market peers’ recent exits or scale-backs.

The experienced legal and claims executive will underwrite and service a variety of accounts.

Liberty Mutual has agreed to sell its Russian unit to privately held lender Sovcombank for an undisclosed sum.

News of the departure follows that of the impending exit of former Ironshore COO Mitch Blaser.

The chief transformation officer joined the carrier when it bought Ironshore, where he was COO.

The contract will allow the insurance group to cede US workers comp, commercial auto and general liability risks.