Liberty Mutual announced today that its current President Edmund F. Kelly will retire as active head of the company on June 28, 2011.
Mr. Kelly will be replaced by David H. Long, 50, on June 29, 2011. Mr. Kelly will remain with Liberty Mutual indefinitely serving as Chairman of the Board of the Liberty Mutual Holding Company. Plans had been in place since at least 2008 to execute a smooth transfer of power starting with the retirement of longtime President & CEO Thomas C. Ramey in 2009.
“Personally it gives me great pleasure to hand the reins over to David,” said Mr. Kelly. “As I have worked more closely with him in the past year, I have been more and more impressed with the newly elected CEO of this great company. David’s management and leadership skills make him the ideal person for the job.”
Mr. Long is a 25 year veteran of Liberty Mutual having serving in various leaderships positions throughout the company. In 2008, Mr. Long was named President of Liberty Mutual, replacing Ramey. Prior to that he had served as president of the company’s commercial insurance business unit.
Boston-based Liberty Mutual Group is a global insurer and the sixth largest property and casualty insurer in the U.S. based on 2007 direct written premium.