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 About Liberty International Insurance Ltd
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Liberty Mutual Group
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Boston-based Liberty Mutual Holding Company Inc., the parent corporation of the Liberty Mutual
Group of entities (“LMG” or the “Company”), is a diversified global insurer and fifth largest property and casualty
insurer in the U.S. based on 2009 direct written premium. The Company also ranks 71st on the Fortune
500 list of largest corporations in the United States based on 2009 revenue. As of December 31, 2010,
LMG had $112.350 billion in consolidated assets, $95.372 billion in consolidated liabilities, and $33.193
billion in annual consolidated revenue.
LMG, through its subsidiaries and affiliated companies, offers a wide range of property-casualty insurance
products and services to individuals and businesses alike. In 2001 and 2002, the Company formed a mutual
holding company structure, whereby the three principal mutual insurance companies, LMIC, LMFIC and
EICOW, each became separate stock insurance companies under the ownership of Liberty Mutual Holding
Company Inc.
Functionally, the Company conducts substantially all of its business through four strategic business units:
LMAC, International, Personal Markets and Commercial Markets. Each business unit operates
independently of the others and has dedicated sales, underwriting, claims, actuarial, financial and certain
information technology resources. Management believes this structure allows each business unit to execute
its business strategy and/or to make acquisitions without impacting or disrupting the operations of the
Company’s other business units.
LMG employs more than 45,000 people in more than 900 offices throughout the world. For a full
description of the Company’s business operations, products and distribution channels, please visit Liberty
Mutual’s Investor Relations web site at www.libertymutual.com/investors.
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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