Hub to buy Liberty Mutual commercial property coverage
New Orleans CityBusiness, Jan 23, 2009 by Reports
Louisiana commercial property owners with insurance coverage through Liberty Mutual will have to renew their policies through Hub International Ltd., which announced Thursday it plans to buy renewal rights to Liberty policies in 11 states.
Hub has targeted Liberty Mutual's middle market commercial property and casualty business in Arizona, Arkansas, California, Colorado, Hawaii, Kansas, Louisiana, Nebraska, Oklahoma, Utah and Texas. The business will be integrated into Hub's regional operations, with Louisiana falling under the Gulf South region.
Terms of the transaction were not disclosed.
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