Donald E. Frette Appointed Executive Vice President, Chief Operating Officer for Colorado Casualty Insurance Company

Business Wire, Nov 13, 1998

ENGLEWOOD, Colo--(BUSINESS WIRE)--Nov. 13, 1998--Donald E. Frette has been appointed executive vice president and chief operating officer for Colorado Casualty Insurance Company, according to President James E. Morey.

Frette joined Colorado Casualty Insurance Company in 1993 as vice president of underwriting and field operations. He previously was President for Security Insurers, Inc. Frette graduated from the University of Iowa with a bachelor's degree in Business Administration. Frette is also a member of the Chartered Property Casualty Underwriters Association.

"Throughout his career, Don Frette has shown strength of leadership and exemplary dedication to this company," Morey said. "Working with him has been rewarding, and we look forward to his continued contributions to our growth and long-term prosperity."

Frette said, "I am honored by this opportunity and by Jim Morey's confidence in me and the Colorado Casualty team as we move forward. As we look to our future with Liberty Mutual Group, the Colorado Casualty team is committed to continuing a strong focus on serving the needs of our customers."

As announced in September, Colorado Casualty is a member of Boston-based Liberty Mutual Group, a diversified international financial services company and one of the largest multi-line insurers in the property and casualty industry. With more than $47 billion in consolidated assets, more than $57 billion in assets under management, and with $11 billion in consolidated revenue, Liberty Mutual ranks 132nd among Fortune 500 companies.

Colorado Casualty employs 100 people and focuses on small commercial accounts, with 98 percent of the business being standard commercial property, liability and commercial automobile packages. Colorado Casualty's accounts are produced through independent agents, predominately in rural markets. Operating in 17 states, the company's business is concentrated in the Rocky Mountain states of Colorado, Utah, Wyoming, New Mexico, Arizona, Idaho, Nevada and Montana. Colorado Casualty also serves customers in select southeastern states.

Colorado Casualty is rated "Superior" by the A.M. Best Company (A ), and "Excellent" by Moody's (Aa3) and Standard & Poor's (AA).