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Policyholders Approve Liberty Mutual Conversion

Policyholders of Liberty Mutual Insurance Company and Liberty Mutual Fire Insurance Company have overwhelmingly approved changing the Liberty Mutual Group to a mutual stock holding company, the firm announced.

Eighty-eight percent of policyholders of Liberty Mutual who cast ballots voted to approve the mutual holding company conversion plan, and 89 percent of Liberty Mutual Fire policyholders voting also approved that company’s reorganization, the Boston-based insurer said.

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