Liberty International Underwriters Opens Office in Puerto Rico

BOSTON--May 22, 2006--Responding to brokers' demand to have more financially strong insurers located in Puerto Rico, Liberty International Underwriters - a division of Liberty Mutual Group - has opened an office in San Juan. Part of LIU's overall strategy of getting closer to brokers, San Juan joins LIU's 2006 line up of new office openings in Hong Kong, Houston and Los Angeles.

Arlene Rivera, who leads the San Juan operation, is both a local general liability expert and a direct conduit to LIU's excess umbrella, environmental coverage and Specialty Casualty financial lines - employment practices liability (EPL) and D&O. Through cross-marketing, the San Juan office underwrites risk for small, medium and large financial lines accounts and larger casualty policies.

"We give brokers in Puerto Rico an A-rated insurer in their market that writes difficult to place business," said David Cohen, chief underwriting officer of LIU's global casualty operations. "While there is local capacity, not much of it is provided by financially strong companies. That is what sets us apart."

When building its business plan for Puerto Rico, Rivera helped LIU tailor its product offerings to ensure that the company filled capacity gaps and provided coverage where it was most needed.

"Unlike domestic insurers, we quote medium to large casualty programs," said Arlene Rivera, vice president of general liability for LIU. "Local brokers have long been underserved in this area and we now give them the ability to not only place this business but to place it with a well-known, multi-national company."

Brokers contacting LIU should call Arlene Rivera at 787-289-7892 and ask for Liberty International Underwriters.

About Liberty International Underwriters (LIU)

Part of Liberty Mutual Group's strategic business unit, Liberty International, LIU (www.libertyiu.com) provides a diverse range of specialty products distributed exclusively through the independent broker network. The LIU staff of over 600 professionals offers core products in marine, energy, engineering, casualty, professional liability and directors & officers insurance. LIU's worldwide operations include offices in the U.S., Australia, Canada, China, France, Germany, Ireland, Singapore, Switzerland and the United Kingdom.

Liberty International provides insurance products and services through two distinct approaches. The first is through locally domiciled insurance companies based around the world, which provide mostly personal insurance products and services. The second approach is through Liberty International Underwriters (LIU).

About Liberty Mutual Group (LMG)

Boston-based Liberty Mutual Group is a leading global insurer and is the sixth largest property and casualty insurer in the U.S. The largest line of business for LMG is private passenger automobile based on 2004 direct written premium. As of December 31, 2005, LMG had $78.8 billion in consolidated assets and $21.2 billion in annual consolidated revenue. LMG ranks 102nd on the Fortune 500 list of largest corporations in the United States based on 2005 revenue.

LMG offers a wide range of insurance products and services, including personal automobile, homeowners, workers compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, assumed reinsurance, fire and surety.

LMG (www.libertymutual.com) employs over 39,000 people in more than 900 offices throughout the world.