Liberty Mutual Insurance Company

Liberty Mutual Insurance Company, based in Boston, Massachusetts, has been providing a wide range of insurance products since its establishment in 1912. The company offers personal and commercial insurance solutions that include coverage for homes, farms, rental properties, mobile homes, and seasonal dwellings. It also caters to military service members, veterans, and their families, ensuring that their specific insurance needs are met. As one of the largest property and casualty insurers in the United States, Liberty Mutual is recognized for its commitment to delivering competitively-priced and comprehensive insurance services that adapt to the evolving needs of its customers.

Michael J. Babcock

Director

Mark Cressey

EVP and General Manager, Tech Global Digital Services

Amit Khanna

Chief Claims and Service Officer, US Retail Markets (USRM)

Andrew Stephens

Global Private Equity Director

David Young

Director, International Strategy - Liberty Mutual Benefits

Past deals in Life Insurance

Omnidian

Series B in 2021
Omnidian, Inc. is an insurance company based in Seattle, Washington, that specializes in providing protection plans for residential and commercial solar energy systems. Founded in 2015, the company offers a comprehensive lifetime performance guarantee, which includes real-time monitoring, proactive service alerts, and full coverage for hardware and software through a nationwide network of field service professionals. Omnidian serves individual homeowners as well as financial institutions managing large portfolios of residential solar assets. Its services ensure optimized power generation and reimbursement for energy loss, thereby safeguarding investments in the solar industry. The company is recognized for its innovative technology that continuously monitors solar systems, helping to protect and accelerate capital invested in distributed energy assets.

AmGeneral Insurance

Acquisition in 2021
AmGeneral Insurance Berhad is a motor and general insurance company.

Snapsheet

Series E in 2021
Snapsheet is a cloud-native claims management software that delivers claims experiences through its tech-enabled appraisal services. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. The company also helps the industry with claims innovation, including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

Apollo Insurance

Series A in 2021
Apollo Insurance Solutions is Canada’s largest online insurance marketplace. The Apollo Exchange is Canada’s largest online insurance marketplace. Apollo empowers brokers to instantly quote, bind, and issue policy documents for hundreds of classes of small business in real time, or white label the Exchange to sell directly from their website. Brokerages integrated with the Exchange are able to respond to the changing expectations of buyers and forward thinking employees. Co-founded by Jeff McCann, David Dyck, Justin Hamade, and Drew Green, Apollo was created to empower brokers to better serve their clients. Following the completion of Beta testing in April 2019, Apollo successfully closed its angel round of funding, raising $1 million CAD with the support of notable investors, including Drew Green, Matias Marquez, Kim Kaplan, and Caliber Ventures. Acting members of Apollo’s Board of Directors are leading industry and entrepreneurial figures Drew Green, Steve Albiani, Tim Gamble, and Jeff McCann. In June 2019, the company launched a first of its kind: digital, monthly subscription insurance.

RiskGenius

Series B in 2019
RiskGenius is a developer of a policy review platform that utilizes artificial intelligence and machine learning to enhance the efficiency of insurance professionals. The platform is designed to connect underwriters, brokers, and regulators by interpreting, organizing, and standardizing insurance policy language. Through its custom algorithms and workflow modules, RiskGenius enables users to gain a clearer understanding of policy details and streamline their underwriting processes. This automation leads to more effective workflows and improved communication within the insurance industry.

Snapsheet

Series E in 2019
Snapsheet is a cloud-native claims management software that delivers claims experiences through its tech-enabled appraisal services. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. The company also helps the industry with claims innovation, including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

TRU Services

Acquisition in 2017
TRU Services, LLC, based in Beverly, Massachusetts, is a managing general agent that specializes in providing medical stop loss coverage to mid- and large-sized medical plan sponsors. The company offers a range of services, including claim redemption, financing, risk management, and underwriting, aimed at helping clients effectively manage their healthcare costs and mitigate financial risk. By focusing on the needs of its clients, TRU Services aims to build trust and provide comprehensive solutions in the medical stop loss insurance market.

Ironshore Insurance

Acquisition in 2016
Ironshore Insurance, established in 2006 and headquartered in Hamilton, Bermuda, specializes in providing commercial property and casualty insurance products globally, including in the United States and Bermuda. The company offers a diverse range of coverages, such as professional and management liability, environmental and specialty casualty insurance, aviation, political risk, and surety products. Additionally, Ironshore caters to specific sectors including real estate, hospitality, and energy, while also underwriting catastrophic excess casualty and healthcare insurance. Certain specialty coverages are underwritten at Lloyd’s through Ironshore’s Pembroke Syndicate 4000. The company is recognized for its strong financial standing, holding an A (Excellent) rating from A.M. Best. Ironshore operates primarily in the wholesale market, focusing on complex and unique risks, and is committed to delivering customized insurance solutions and improved claims outcomes. As of May 2017, Ironshore operates as a subsidiary of Liberty Mutual Group.
Uni.Asia General ranks as the 14th largest non-life insurer in Malaysia in gross written premium for the financial year.

Safeco Insurance

Acquisition in 2008
Safeco has been protecting individuals and families with personal insurance coverage since 1923. Safeco Insurance provides high-quality personal insurance products and services through independent agents across the country. They are a Liberty Mutual Insurance company, the fifth-largest property and casualty insurer in the United States.

Ohio Casualty

Acquisition in 2007
Ohio Casualty is a member of Liberty Mutual Insurance. Liberty Mutual Agency Corporation operates under a unique regional/national model that leverages the service-oriented focus of regional operations with the cost efficiencies of a national infrastructure to deliver quality products and services to agents and brokers and the customers they serve. Ohio Casualty offers its insurance products in Delaware, the District of Columbia, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, and West Virginia. The home office is located in Boston, Massachusetts.
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