Job Losses As Liberty Mutual Restructures
August 3, 2023
![isometric-group-of-businessmen-carrying-piles-of-documents-in-cardboard-boxes-left-the.jpg_s=1024x1024&w=is&k=20&c=F6tPe3eOBRPE5PlYYZt_Pb3qo8SU1ZU0IdiJsdLKAqU= Job Losses As Liberty Mutual Restructures](https://www.todaysriskmanager.com/wp-content/uploads/2023/08/isometric-group-of-businessmen-carrying-piles-of-documents-in-cardboard-boxes-left-the.jpg_s1024x1024wisk20cF6tPe3eOBRPE5PlYYZt_Pb3qo8SU1ZU0IdiJsdLKAqU-768x543.jpg)
Effective Aug. 1, Liberty Mutual is creating a new business unit. US Retail Markets will focus on personal and small commercial insurance lines in the US. The unit will be the largest multi-line small commercial insurer in the US. The company also announced major executive leadership appointments. 370 jobs will be lost in the US as a result of the restructuring. In June it announced it was selling Liberty Seguros S.A., Liberty Mutual’s personal lines and small commercial insurance business, to Generali. That sale includes Madrid-based Liberty Seguros’ operations in Ireland, Northern Ireland, Portugal and Spain. A newly formed enterprise function, Enterprise Transformation and Solutions will focus on unlocking scale advantages, and elevating collective data and data science capabilities.
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