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.
Safeco moved back downtown in 2007; its new headquarters at 1001 Fourth Avenue became the new Safeco Plaza, and the old Safeco Plaza was renamed UW Tower. Liberty Mutual Insurance. On April 23, 2008, Safeco announced an agreement to be acquired by Liberty Mutual for $68.25 per share. Safeco continues to offer personal lines insurance (including auto, home, motorcycle, recreational vehicle, watercraft and more) through independent agents . Philanthropy