Employers can give their employees a set amount of money and then direct them to a private exchange. There, they can shop for a health plan and other benefits, like dental, based on what the employer has selected as options.
Safeco sale 'bittersweet,' says CEO Reynolds. By DAN RICHMAN, P-I REPORTER. Selling Safeco Corp. was a bittersweet moment, Chief Executive Paula Reynolds said Wednesday, after the announcement that Boston's Liberty Mutual Group will buy the 85-year-old homegrown insurer for $6.2 billion in cash.
David Long is Chairman and Chief Executive Officer of Liberty Mutual Insurance Group. He was elected President in June 2010, became Chief Executive Officer in June 2011, and was elected Chairman in June 2013. Long has been a member of the Board of Directors of Liberty Mutual since 2010. Long began his career at Liberty Mutual in 1985, and he has held positions of increasing responsibility in the companyâs International Operations, Commercial Markets, Underwriting and Financial, and Mergers and Acquisitions.