Liberty Mutual Group and Ohio Casualty Corp. recently announced that the Liberty Mutual Group has received approvals from the State of Ohio Department of Insurance and the State of Indiana Department of Insurance for the acquisition by Liberty Mutual Insurance Co. of Ohio Casualty Corp. The parties expect to close the acquisition on Friday, Aug. 24, 2007.
Boston-based Liberty Mutual Group identifies itself as a diversified global insurer and sixth largest property and casualty insurer in the U.S. based on 2006 direct written premium.
Ohio Casualty Corp. is the holding company of The Ohio Casualty Insurance Co., which is one of six property-casualty insurance companies that make up the Ohio Casualty Group, collectively referred to as the Consolidated Corp.
Source: Liberty Mutual, Ohio Casualty Corp.
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