The Board of Directors of Liberty Mutual Insurance has elected Timothy M. Sweeney as the Chairman of Liberty Mutual Holding Company Inc., effective April 9th, 2025.
Sweeney, currently the company’s President and Chief Executive Officer, will succeed David H. Long, who retires as Chairman and Director.
Long has spent four decades at Liberty Mutual, becoming President in 2010, Chief Executive Officer in 2011, and Chairman in 2013.
Sweeney was appointed President and Chief Executive Officer in January 2023 upon Long’s retirement as Chief Executive Officer.
Sweeney commented, “David’s tenure has been defined by his unwavering commitment to excellence and the well-being of our employees. His leadership has transformed challenges into opportunities, ensuring that our core values remain at the centre of everything we do.
“On behalf of our Board of Directors and the entire organisation, I’d like to thank David for a remarkable four decades at the company and wish him and his family the very best in the years to come.”
Long added, “Experiencing the evolution of this organisation is something I will always cherish. I’d like to express my immense appreciation to our people, as they truly make Liberty Mutual a best place to work, and to the leadership team for their dedication to driving our business forward. I’m eternally grateful for my time with the company and everyone’s unwavering commitment to keep our promises to our customers, partners, communities and each other.”
In March, Liberty Mutual reported a net income of $4.383 billion for 2024, a significant increase from the $213 million recorded in 2023.
The post Liberty Mutual Insurance elects Sweeney as Chairman, Long to retire appeared first on ReinsuranceNe.ws.
