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 About Liberty International Insurance Ltd
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Liberty Mutual Group
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Boston-based Liberty Mutual
Group is the sixth-largest property and casualty insurer in the United States and the
second-largest U.S.-based international property and casualty insurer.
Founded in Boston in 1912, the Group has $109.5 billion in consolidated assets and $31.1 billion
in consolidated revenue in 2009. The Company ranks 71th on the Fortune 500 list of largest corporations
in the United States; based on 2009 direct written premium.
Along with being the leading private provider of workers compensation insurance, programs
and services in the United States for more than 90 years,
Liberty Mutual offers a wide range of products and services, including: general liability,
commercial auto and business property, group disability and life, private passenger auto and
homeowners insurance; integrated disability management; individual life insurance and annuities;
structured settlements; and international programs.
Recognized as a world leader in occupational health and safety services, the company employs
40,000 people in more than 900 offices around the world.
Current financial strength ratings of Liberty Mutual are as follows:
- A.M. Best Co.: 'A' (Excellent)
- Moody's: 'A2' (Good)
- Standard & Poor's: 'A-' (Strong)
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Liberty International Insurance Ltd
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Liberty International Insurance Limited (Hong Kong) is a 100% owned
subsidiary company of Liberty Mutual Group. Liberty
Hong Kong's predecessor, OTB Assurance Ltd, first set foot in Hong Kong in 1973. At that time,
OTB Assurance Limited was equally owned by Overseas Trust Bank Ltd (OTB) and by a Singaporean
investor.
In 1986, the Company changed to be "Asia Pacific Insurance Limited", since OTB was
then not holding any share of the company. It was further renamed as "Citystate Asia Pacific
Insurance Limited" in early 1999 because of the merger with Citystate Insurance Limited,
another local general insurance company, which was owned by Citystate Holdings Plc.
In Nov 1999, the Company further renamed as "Liberty International Insurance Limited" when
Liberty Mutual acquired 70% shares from Citystate
Holdings Plc. Three years later, Liberty Mutual
took over the rest 30% shares of Citystate, and fully owns Liberty International Insurance
Limited.
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| Now, the Company offers a wide range of products and services for both individuals and corporations, including: private passenger car, personal accident, travel, home, individual and group medical, individual and group term life, property, general liability, product liability, employees' compensation, office package, shop package, marine cargo, pleasure craft and general accident insurance products distributed through a network of brokers and agents. Liberty is continuously seeking to improve and expand its product offerings with the spirit of "helping people live safer, more secure lives".
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