Liberty Mutual in $2.29 billion mega deal

Liberty Mutual will also gain roughly 3,400 independent agencies across 33 states, adding to its already sizeable network of more than 100,000 independent agencies countrywide. This will make Liberty Mutual the second largest carrier in the independent agency distribution channel in the United States.

Through the deal, Liberty Mutual will also add $2.3 billion in premium and will significantly expand market share in personal lines and small commercial insurance.

Read next: Liberty Mutual Insurance reaches “important chapter” with leadership shuffle

“State Auto Group’s capabilities and product expertise are an ideal complement to Liberty Mutual’s domestic personal lines and small commercial business, and we welcome 2,000 talented associates to our family,” said Liberty Mutual chairman and chief executive officer David Long.

“Equally appealing are its values. For almost a century, State Auto has celebrated a culture of caring for people, exceptional service and deep philanthropy, mirroring our purpose to help people

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Business Development Strategy

Hiring a development consultant is going to cost you money, but it’s important to see this as an investment for your business. They have information available in abundance, thanks to the Internet.

5 types of business level strategies

A carefully drafted and well-executed business plan is essential to ensure that any business has taken the first basic step towards success. Product diversification is defined as firms penetrating new markets with new products. In order to do so, firms have to diversify their market segments and enter into more than one market. The motivations behind product diversification strategy include market expansion, achievement of economy of scale in manufacturing, reduction in the risks associated with employment and reputation, and stability of income flow (Patrick, 2012). As for Cobra Beer, the company has tried to diversify its products to some extent. For example, in anticipation of the increase in the number of female … Read the rest