Keep me logged in Forgotten password?

Name

Email
 
Password

Confirm Password
or
David Long, President & CEO Liberty Mutual Insurance Group
Liberty Mutual Insurance Group
favourite

David Long


President & CEO, Liberty Mutual Insurance Group


Age:
Years as a CEO:
Tenure: 0
Industry: Other



Member Endorsements:

Endorsement list
    Do you rate David's performance? Endorse them here.
Endorsement comments

This is my profile - I would like to verify the facts in it

VERIFY
CEO DOSSIER

As CEO, Long not only has to promote profits and keep the company afloat, but he also has to restore trust in the company. Will he continue to be able to boost profits while hurdling over policy holder and employees distrust?

early years
Long earned a B.A. degree in mathematics from Hartwick College in 1983. In 1989, he also earned a M.S. in finance from Boston College. In 1985, Long began his career at Liberty Mutual as a financial analyst in National Accounts.

Throughout his time with Liberty Mutual, he has held several positions. These positions include: serving as president, executive vice presidents, Commercial Markets, and as chief operating officer in National Market. Long was also a founding member of Liberty Mutual Agency Corporation. He was actively involved in the acquisitions of Golden Eagle, Peerless Insurance, Summit, Colorado Casualty and Indiana Insurance.

Mr. Long served as President of Commercial Insurance Business Unit for Liberty Mutual Holding Company, Inc. until January 1, 2009. In January 2009, Long was promoted to President of Liberty International. A year later, in June of 2010, Long was promoted to President of Boston Insurance Company. Then, in July of 2010, he assumed the role as president of Liberty Mutual Inc.  

On June 29, 2011, Long became the CEO and President of Liberty Mutual Insurance Group.


As ceo
When taking over as CEO of Liberty Mutual, Long said,

"I am indeed fortunate to follow Ted Kelly as Liberty Mutual's CEO.  Ted has been a tremendous mentor to me and his mark on our company sets an extraordinary standard for all of us.  I look forward to working with the senior management team and our employees to continue positioning Liberty Mutual Group as a leader among global insurers."

He set his sights on continuing to expand the company around the globe.

On November 14, 2011, Liberty Mutual announced it had successfully completed the acquisition of Quinn’s Irish insurance business, as well as the transfer of all existing Quinn Insurance employees to Liberty Mutual’s new Irish company. Long commented saying,

“We are pleased with this acquisition as it enables us to enter the Irish market as the economy begins to recover…We are also delighted to welcome our newest employees to the Liberty Mutual family and we look forward to their contributions to our success in Ireland and the United Kingdom.”

On December 31, 2011, Liberty Mutual Insurance Group reported net written premium of $31.2 billion, of which $8.2 billion, or 26 per cent, came from its International operations.

In March of 2012, Liberty Mutual Insurance Group acquired the Russian insurance company, KIT Finance Insurance. This allowed Liberty Mutual Insurance Group to enter into Russia’s $21 billion property and casualty insurance market.

After this acquisition, Long said,

“We believe KIT Finance Insurance provides an attractive platform from which to invest in the rapidly growing Russian non-life insurance market…It’s a dynamic company with a driven management team as indicated by annual growth of twenty-seven per cent.”

In March of 2012, Mutual Holding Co. Inc. and its subsidiaries reported a 26 per cent jump in net income for the three months ending March 31 due to higher premiums and lower catastrophe losses.

The company reported a profit of $459 million, up from $364 million for the first quarter last year. Revenue rose 6 per cent or $500 million to $8.88 billion. Net premiums written rose $495 million or 6.5 per cent to $8.08 billion.

Long explained this success saying,

“Our first quarter results highlight the progress we have made in terms of core profitability and continued growth… and an accelerating commercial lines price trend, excellent non-catastrophe personal lines results, and fewer international catastrophes… These results, plus our acquisition of KIT Finance Insurance in Russia, have provided an encouraging start to the year,”

Then in September of 2012, Liberty Mutual Insurance Group, announced it will be expanding its Latin American operations by entering Ecuador’s insurance marketplace following Liberty Mutual’s acquisitions of Panamericana de Seguros del Ecuador S.A. and Cervantes S.A. Compania de Seguros y Reaseguros, two insurers offering primarily auto insurance, other property and casualty products as well as group life and health insurance.

After announcing this Long said,

"With the additions of Panamericana and Cervantes, we enter Ecuador’s dynamic and growing insurance market from a position of strength… Both companies have complementary distribution channels and excellent reputations. We look forward to offering Ecuador’s consumers the products and services they desire and choices in how they wish to purchase them.”

Away from work
David keeps his private life very private. He was originally from Liverpool and speaks with an English accent.

In own words
When talking about his career accomplishments at Liberty Mutual, Long said, “It wasn’t that I was that ambitious…The company kept presenting me with challenge after challenge—opportunity after opportunity.

When talking about the stock market, Long said, “the market doesn’t like insurance stocks right now.”

After Liberty Mutual was named an official sponsor of the United States Olympics, Long said,

"We are excited to join the Olympic and Paralympic Movements through our sponsorship of Team USA…Liberty Mutual Insurance has long celebrated the dreams of athletes, supporting youth athletics through our Responsible Sports program, and we look forward to continuing that support during the 2014 and 2016 Olympic and Paralympic Games."

Leadership and philosophy
When talking about the former CEO and discussing Liberty Mutual’s salary, Long said,

“Ted took a company that was in pretty serious financial condition and built it into a Fortune 100 company…I don’t know how you put a value on that. I’m just grateful he did what he did. Would I expect to make that kind of money? Absolutely not.”

While talking about Liberty Mutual’s philosophy, Long was quoted saying the following two statements:

“If you can afford to buy a car, we want to be there to insure it.”
“If the sun shines, we can come out and drive it around,”

Long talks about finances and his view on them. “We are a much more financially secure company, to pay out our policy holders,” he said. “Policy holders have the ultimate say. If they don’t like what we’re doing, they can go somewhere else.”

Our Three Questions
1. Many people say that there is no transparency in Liberty Mutual’s finances; that all of the finances are cloudy. How are you going to add a bit more transparency within the company’s spending to help rebuild trust from your policy holders and future business partners?

2. You are highly criticized for the $4.5 million renovation of your executive office. Looking back, was that the best allocation of company funds?

3. What are your plans domestically to ensure a continual increase in profits?

Colleagues, Friends & Analysts' report
Mr Kelly, former CEO of Liberty Mutual:
"Personally it gives me great pleasure to hand the reins over to David…As I have worked more closely with him in the past year, I have been more and more impressed with the newly elected CEO of this great company.  David's management and leadership skills make him the ideal person for the job."

Date Written
18-11-2012
Sources
Bloomberg Businessweek
IBA West  
Property Casualty
Insurance Journal
Business Wire
Claims Journal  
Enhanced News Online
Team USA
Bloomberg Businessweek
IBA West  
Property Casualty
Insurance Journal
Business Wire
Claims Journal  
Enhanced News Online
Team USA
loading ...
Latest News
Spectra Energy Presented with the NETS Road Safety Achievement Award
“Spectra Energy’s program stood out because it was a long-term project with ... AmeriFleet Transportation, Chubb Group of Insurance Companies, The Coca-Cola Company, Hess Corp., Johnson & Johnson, Liberty Mutual Insurance Group, Monsanto Company ... read more...
2015-10-28 20:27:00
favourite
N.J. Senate leader to banks Donating to Garrett 'enabling bigotry'
"As long as you continue to allow Congressman Garrett to ... Among the companies receiving the letter were Liberty Mutual Insurance Group, whose PAC had given the maximum $10,000 on Sept. 18; and UBS, whose PAC gave $5,000 on Sept, 30 bringing its total ... read more...
2015-10-23 08:25:31
favourite
Half of Liberty Mutual Insurance’s Plano workforce will be new hires
“This is our first significant new campus outside of the Northeast,” said David Long, chairman and chief executive of Liberty Mutual Insurance Group. “Following an extensive and rigorous review, resulting in the indisputable conclusion that ... read more...
2015-09-30 22:36:00
favourite
CAN DO carries on
A volunteer at CAN DO, Barbour was formerly with Liberty Mutual Insurance Group and holds a Master's degree in education and an MBA. He has been involved in volunteer and charity efforts regularly and sees himself as "a life-long learner and helper." read more...
2015-08-05 20:43:27
favourite
SD DOL Decisions - Second Quarter
The physician stated in another letter that it would be an acceptable option so long as the Claimant did not use stairs ... United Parcel Service and Liberty Mutual Insurance Group, Judge Duenwald concluded that after an award is final, the Employer ... read more...
2015-07-27 16:36:26
favourite
270 Liberty Insurance jobs to go, 20 in Enniskillen
Liberty Insurance announces details of restructuring with the commencement of a voluntary led redundancy process A spokesman said “Liberty Insurance, the Irish subsidiary of the Liberty Mutual Insurance Group (LMI ... our long term competitive position ... read more...
2015-06-25 13:39:38
favourite
New Jersey Firms Getting Their Share of Big-Name Clients
MetLife, Liberty Mutual Insurance Group, JCPenney and Public Service Enterprise Group ... "New Jersey remains an important international hub and we have long recognized the importance of serving clients in the local market, many of which are engaging ... read more...
2014-10-15 00:53:06
favourite
President Obama Announces More Key Administration Posts
David H. Long, Appointee for Member, Advisory Committee for Trade Policy and Negotiations David H. Long is CEO and Chairman of Liberty Mutual Insurance Group, Inc., a position he has held since 2013. Previously, he was President and CEO of Liberty Mutual ... read more...
2014-09-25 19:17:43
favourite
On the Bright Side Hartwick alumni feel good about careers
such as David Long, who spoke at the college’s most recent commencement and is chairman and chief executive officer of Liberty Mutual Insurance Group, Lubell said. According to Hartwick’s website, other notable alumni include Cyrus Mehri, a renowned ... read more...
2014-09-23 06:55:38
favourite
Commencement Ceremony Makes Alumni of Hartwick's Class of 2014
Finally, Drugovich bestowed an Honorary Doctor of Laws upon David H. Long '83, Chairman and CEO of Liberty Mutual Insurance Group. "You are respected for your business acumen, your work ethic, and your leadership skills," she said of Long. "You are an ... read more...
2014-06-06 03:14:09
favourite
Hartwick graduates 377 in unique ceremony
Drugovich then presented an Honorary Doctor of Laws to alumni Stanford Phelps and David Long, who is the chairman and chief executive officer of Liberty Mutual Insurance Group. Long, who graduated from Hartwick College in 1983, addressed the graduates. read more...
2014-05-27 10:14:01
favourite
Hartwick gears up for Saturday graduation
Commencement will take place Saturday at 1130 a.m. on the college's Elmore Field. Chairman and Chief Executive Officer of Liberty Mutual Insurance Group David H. Long will address the graduates at the ceremony. Guests and family members who cannot attend ... read more...
2014-05-23 15:48:03
favourite
Hartwick College’s 83rd Commencement This Weekend
Hartwick College’s 2014 Commencement speaker will be Chairman and Chief Executive Officer of Liberty Mutual Insurance Group David Long, a member of the Hartwick College Class of 1983. Guests and family members who are not able to be there to celebrate ... read more...
2014-05-21 07:43:39
favourite
Hartwick Commencement Events Planned for May 23-24
Hartwick College's 2014 Commencement speaker will be Chairman and Chief Executive Officer of Liberty Mutual Insurance Group David H. Long, a member of the Hartwick College Class of 1983. Long is Chairman and Chief Executive Officer of Liberty Mutual ... read more...
2014-05-02 14:54:13
favourite
Liberty Mutual Enters Malaysian Market with Uni.Asia Capital Acquisition
Liberty Mutual Insurance Group has announced the company’s entry ... features multiple distribution channels through agents, brokers, banks and car dealers.” Liberty’s Group Chairman and CEO David H. Long pointed out “The addition ... read more...
2014-02-19 11:44:51
favourite
Liberty Mutual agrees to purchase Uni.Asia General Insurance in Malaysia
... specializes in private passenger automobile insurance and fire insurance for homes, features multiple distribution channels through agents, brokers, banks and car dealers. Liberty Mutual Insurance Group chairman and CEO David Long said, "The addition ... read more...
2014-02-19 09:00:13
favourite
Liberty Mutual to buy Malaysian insurance company
Boston-based Liberty Mutual Insurance Group announced the company’s entry into Malaysia ... complement to our existing operations in Southeast Asia,” David H. Long, Liberty Mutual Insurance Group chairman and chief executive, said in ... read more...
2014-02-19 04:21:02
favourite
Liberty Mutual to enter Malaysia
Boston-based Liberty Mutual Insurance Group announced the company’s entry into Malaysia ... complement to our existing operations in Southeast Asia,” said David H. Long, Liberty Mutual Insurance Group chief executive. read more...
2014-02-19 03:45:15
favourite
Uni.Asia Capital sells 68% stake in Uni.Asia General for RM374.5m
The purchase will see Liberty Mutual Insurance's entry into Malaysia's US$4.6 billion ... operations in Southeast Asia," said Liberty Mutual Insurance Group chairman and CEO David H. Long in a statement released yesterday. The acquisition in Malaysia ... read more...
2014-02-18 21:40:11
favourite
Liberty Mutual to buy Malaysian insurance company
Boston-based Liberty Mutual Insurance Group announced the company’s entry into Malaysia ... complement to our existing operations in Southeast Asia,” said David H. Long, Liberty Mutual Insurance Group chief executive. Liberty Mutual Insurance currently ... read more...
2014-02-18 16:03:44
favourite
Liberty Mutual Insurance Group To Acquire Malaysian Insurance Company
The company, which specializes in private passenger automobile ... a strategic complement to our existing operations in Southeast Asia,” said David H. Long, Liberty Mutual Insurance Group Chairman and Chief Executive Officer. The acquisition in Malaysia ... read more...
2014-02-18 14:37:50
favourite
Liberty Mutual Insurance Group To Acquire Malaysian Insurance Company
Liberty Mutual Insurance Group today announced the company’s entry into ... a strategic complement to our existing operations in Southeast Asia,” said David H. Long, Liberty Mutual Insurance Group Chairman and Chief Executive Officer. read more...
2014-02-18 13:47:44
favourite
Liberty Mutual Insurance Group To Acquire Malaysian Insurance Company
Liberty Mutual Insurance Group today announced the company’s entry into Malaysia ... a strategic complement to our existing operations in Southeast Asia,” said David H. Long, Liberty Mutual Insurance Group Chairman and Chief Executive Officer. read more...
2014-02-18 10:05:49
favourite
Lessons from Microsoft's overseas hiring
Pfizer, the US drugs giant, is headed by Ian Read, a Scot, while David Long, a Liverpudlian, leads Liberty Mutual Insurance Group. The chief executive of Best Buy is French. But, overall, US corporations tend to stick to US leaders although ... read more...
2014-02-08 03:22:30
favourite
David H. Long '83 Named Hartwick's 2014 Commencement Speaker
ONEONTA, N.Y., Jan. 24-- Hartwick College issued the following news Hartwick College's 2014 Commencement speaker will be Chairman and Chief Executive Officer of Liberty Mutual Insurance Group David H. Long, a member of the Hartwick College ... read more...
2014-01-25 13:40:24
favourite
Shared Contacts

To see your connections at Liberty Mutual Insurance Group: sign in to World Of CEOs, then come straight back here to connect with your LinkedIn account

Financials

No data available
Business summary

No data available
Competitors


Competitors supplied by BoardEx.
MEMBERS COMMENTS
There are no comments yet
Add CommentPosting Rules