The announcement yesterday that Liberty Mutual Group is selling off some renewal business to brokers and will deliver commercial insurance products for midsize business exclusively through independent agents and brokers has drawn an enthusiastic endorsement from an agents group.
The Professional Insurance Agents of Connecticut, New Hampshire, New Jersey and New York State Inc. said they applauded Liberty Mutual's support of the independent agency system.
Liberty said it was selling middle market direct sale renewal business to Arthur J. Gallagher, Hub International and USI Holdings Corp., as well as retiring its Wausau brand and creating a new commercial business unit, Liberty Mutual Middle Market, to work with independent agents.
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