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Liberty Mutual was founded in 1912 as the Massachusetts Employees Insurance Association (MEIA), following the passage of a 1911 Massachusetts law requiring employers to protect their employees with workers’ compensation insurance. [14]
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A subsidiary of Liberty Mutual, Safeco provides auto insurance, homeowners insurance, and liability insurance. The company name is an acronym for S elective A uto and F ire E nsurance Co mpany of America, or SAFECO (i.e., S.A.F.E. Co.).
Ironshore Inc. provides broker-sourced specialty property and casualty insurance coverages [1] for varying risks on a global basis through its platforms in Australia, Bermuda, Canada, Ireland, Singapore, the United States and the United Kingdom.
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
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State Automobile Mutual Insurance Company, commonly shortened to State Auto Mutual or State Auto, is an American insurance company based in Columbus, Ohio. It was incorporated in 1921 as the first casualty insurance company to be headquartered in Columbus. [1] [2] In 2022, it was acquired by Liberty Mutual for approximately $1 billion. [3]
Rank Company Country Total assets (US$ Billion) 1 Allianz Germany 1,247.2 2 Berkshire Hathaway United States 958.8 3 Prudential Financial United States 937.6 4 Ping An Insurance