Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Boston, Mass. - July 7, 2014 – Liberty Mutual Insurance has appointed Constance Bayne to President of its Mid-Atlantic Business Insurance operations. Ms. Bayne will be responsible for the profitable growth of business in the region that includes Delaware, Kentucky, Maryland, Ohio, Pennsylvania, Virginia, Washington D.C. and West Virginia. She will be based in the region’s home office in Fairfield, Ohio.
Ms. Bayne’s career with Liberty Mutual spans more than 25 years. Most recently she served as Senior Vice President and Manager of Commercial Insurance Underwriting Operations. In this capacity, she managed underwriting technical consulting, quality assurance, support services and systems as well as risk control services, process improvement, and compliance. Prior to this, Ms. Bayne held several senior management positions in Risk Quality Assessment, Loss Prevention Operations, and Distribution Management.
“Connie possesses the leadership, depth of experience, and sense of purpose to guide this region’s continued growth and profitability,” said Michael H. Hughes, president, Liberty Mutual Business Insurance. “I’m confident that she and her team will continue to build on the strength and consistency of our agency partnerships in the Mid-Atlantic region.”
“I look forward to growing our business with our agent-focused teams based in Fairfield and throughout our region,” said Bayne. “Liberty Mutual has a solid foundation with our agents and the businesses we insure here. Together we intend to advance our strong position in the marketplace as the premier commercial lines carrier for independent agents.”
In addition to holding the CPCU and CSP designations, Ms. Bayne is a member of the board of directors for the National Safety Council and is an advisory board member for the RAND Center for Health and Safety in the Workplace.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps preserve and protect the things people earn and own and build and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified global insurer with operations in 30 countries around the world. The company is the third largest property and casualty insurer in the U.S. based on 2013 direct premium written as reported by the National Association of Insurance Commissioners.
Liberty Mutual is ranked 76th on the Fortune 100 list of largest corporations in the U.S. based on 2013 revenue. As of December 31, 2013, Liberty Mutual Insurance had $121.2 billion in consolidated assets, $102.2 billion in consolidated liabilities, and $38.5 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in approximately 900 offices throughout the world, and offers a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. You can learn more by visiting www.libertymutualinsurance.com.