
Catastrophes hit Liberty's bottom line in 2015

Liberty Mutual Holding reported a 71.7% net income drop last year to US$514mn, the insurer said in a results report.
The fall was due to "higher catastrophe losses, foreign exchange and energy related losses," according to David H. Long, chairman and CEO.
The catastrophes that affected the results included severe storms in the US, UK and Australia, Cyclone Niklas, and a Chile earthquake and floods.
Liberty's net premiums were up 0.6% last year to US$34.5bn.
Fourth quarter net income was down 25.7% from the same period of 2014, while net premiums dropped1.4% from 4Q14.
December saw Liberty put its Venezuelan subsidiary up for sale and then in January it acquired Penta Security in Chile to become the country's biggest P&C insurer.
***
UPCOMING BNAMERICAS EVENTS
5TH Mexico Infrastructure Summit
Click here to see the agenda and speakers
4TH Mexico Oil&Gas Summit
Click here to see the agenda and speakers
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Political Risk & Macro (Chile)

Chile proposes tougher 2030 NCRE generation target
Chile, which this week was ranked the most attractive emerging market for renewables investment, is considering increasing to 60% an NCRE goal outl...

Within the framework of its commitment to sustainable management, Scotiabank subscribes to the United Nations Princ...
Through its General Fund Manager, the bank adhered to this global initiative that seeks to move towards a financial system that adopts its investme...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Grota do Cirilo (Phase 2&3)
- Current stage:
- Updated:
7 hours ago
- Project: Grota do Cirilo (Phase 3)
- Current stage:
- Updated:
7 hours ago
- Project: Norte Substation and Norte-Tequendama and Norte-Sogamoso transmission lines (First Reinforcement of the Eastern Area Network, Sogamoso Project)
- Current stage:
- Updated:
10 hours ago
- Project: Panama metro line 3
- Current stage:
- Updated:
6 hours ago
- Project: El Tornillito hydro project
- Current stage:
- Updated:
6 hours ago
- Project: El Pilar
- Current stage:
- Updated:
6 hours ago
- Project: Avenida 80 Light Rail (Medellín)
- Current stage:
- Updated:
6 hours ago
- Project: Panuco - Copala
- Current stage:
- Updated:
6 hours ago
- Project: Copey-Fundación transmission line
- Current stage:
- Updated:
7 hours ago
- Project: Copey-Cuestecitas transmission line
- Current stage:
- Updated:
7 hours ago
Other companies in: Political Risk & Macro
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Business Finland Oy  (Business Finland)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Control Risks México S.A. de C.V.  (Control Risks México)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Alcaldía Municipal de Montenegro  (Alcaldía de Montenegro)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: InvestChile