Liberty Mutual Insurance Group Announces Expansion in Ireland

Liberty Mutual Insurance Group Announces Expansion in Ireland with the Creation of 150 New Technology Jobs.

Insurer Also Announces Acquisition of Remaining Stake in Liberty Insurance (Ireland).

Boston-based Liberty Mutual Insurance Group is pleased to announce the creation of 150 new jobs in the company’s Blanchardstown, Dublin office.  The new jobs represent an expansion of the company’s IT operations, which currently employ over 350 people in Belfast.

The 150 new jobs will be phased in over the next two years and will bring the total Liberty Mutual Insurance Group workforce in the Republic of Ireland and Northern Ireland to more than 1,500 employees.

The company’s IT operations in Belfast specialise in enterprise level software engineering support for Liberty Mutual Insurance Group worldwide. The expanded IT operations in Dublin will support the establishment of an IT Help Desk, a Security Operations Centre and a Software Engineering Unit.

Liberty Mutual Insurance Group today also announced that it has acquired the remaining 49 percent of Liberty Mutual Ireland Investment Holdings Limited, the parent company of Ireland-based Liberty Insurance Limited, from Tutelana Limited, a wholly-owned subsidiary of the Irish Bank Resolution Corporation (in Special Liquidation).  As a result, Liberty Mutual Insurance Group is now the 100 percent owner of Liberty Insurance, which provides car, home and commercial insurance in Ireland.

Commenting on the announcements, David H. Long, Chairman and CEO of Liberty Mutual Insurance Group said, “Today’s announcements highlight Liberty Mutual’s commitment to Ireland and to the country’s talented workforce.  We’re pleased to strengthen Liberty’s presence in Ireland by expanding our IT operations and consolidating our ownership of Liberty Insurance Limited.”

James McGlennon, Chief Information Officer of Liberty Mutual Insurance Group, said, “Expanding our IT operations in this way strengthens our global software engineering and advanced development capabilities. It also enables a ‘follow the sun’ strategy for technical support and security operations. The decision to invest in Dublin reflects the quality of IT graduates and experienced professionals available to support future growth.”

“International financial services is a sector which we have targeted as part of our Action Plan for Jobs, and over recent months we have seen significant jobs growth in this area. Today’s announcement that Liberty, a world-leading company in this area, is establishing a new global operation in Dublin with the creation of 150 technology jobs is a further boost for the sector and for the economy. Great credit is owed to IDA for their work on this project. I am determined that with hard work from Government we can see further announcements like this in the coming months”, said Richard Bruton, TD, Minister for Jobs, Enterprise and Innovation in the Republic of Ireland.

Welcoming the Liberty Insurance acquisition news, CEO of Liberty Insurance, Patrick O’Brien stated, “We are pleased that Liberty Mutual has confirmed its commitment to Ireland with the completion of the acquisition of 100% of Liberty Insurance’s parent company. Over the past two years Liberty Insurance has made substantial progress in the Irish market and today’s announcement positions us for further growth.”

About Liberty Mutual

“Helping people live safer, more secure lives” since 1912, Boston‐based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue.  As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.

Liberty Mutual Insurance offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety.  Liberty Mutual Insurance (www.libertymutualinsurance.com) employs over 50,000 people in more than 900 offices throughout the world.

More than 4,500 technology professionals make up the Liberty Mutual Insurance global Information Technology team.

About Liberty Insurance

Liberty Insurance provides car and home insurance to the Irish and UK consumer market along with commercial insurance to the business sector in Ireland. The company operates from offices in Cavan, Dublin and Enniskillen. Liberty Insurance is part of the Boston-based Liberty Mutual Insurance group.

For further information please contact:

Adrianne Kaufmann (Liberty Mutual Insurance) +1 617 574 5983

Brendan Murphy (Liberty Insurance) +353 1 240 4207

Dominic Finlay (Liberty Insurance) +353 49 4373 694

Ashley Morrow (Liberty IT) +44 28 9044 5500

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