Liberty Mutual’s Timothy M. Sweeney, president and chief government officer, has been elected chairman of Liberty Mutual Holding Co.
Sweeney succeeds, David H. Lengthy, who’s retiring. Lengthy has been with Boston-based Liberty Mutual for 40 years. He was named president in 2010, CEO in 2011, and chairman in 2013.
Lengthy is credited with rising Liberty Mutual into the sixth-largest international P/C insurer. Key acquisitions throughout his tenure embody State Auto, Ironshore, AmTrust Monetary, and AmGeneral.
Sweeney, with the insurer about 30 years, turned Liberty Mutual’s tenth CEO in its 110-year historical past in January 2023 after Lengthy’s retirement as CEO. Lengthy then turned government chairman.
“David’s tenure has been outlined by his unwavering dedication to excellence and the well-being of our staff. His management has remodeled challenges into alternatives, guaranteeing that our core values stay on the middle of the whole lot we do,” stated Sweeney.
“Experiencing the evolution of this group is one thing I’ll at all times cherish,” stated Lengthy. “I’d like to precise my immense appreciation to our individuals, as they really make Liberty Mutual a greatest place to work, and to the management group for his or her dedication to driving our enterprise ahead. I’m eternally grateful for my time with the corporate and everybody’s unwavering dedication to maintain our guarantees to our prospects, companions, communities and one another.”
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