NU Online News Service, Nov. 19, 11:15 p.m. EST

Liberty Mutual Chairman and Chief Executive Officer Edmund "Ted"Kelly said only strong companies that recognize global businessopportunities will succeed because they will be poised to takeadvantage of the market when it improves.

Any company with operations only in North America "will betotally irrelevant" eventually, "except as a niche company," hetold an audience at The Annual Executive Conferences in New York,presented by National Underwriter.

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