The Liberty Mutual Insurance board of directors today elected David H. Long, 52, chairman of Liberty Mutual Insurance, effective June 28.

Long, who is currently the companys president and chief executive officer, will succeed Edmund F. (Ted) Kelly, 67, who is retiring as chairman and director at the end of June.

Long has served in various leadership positions at Liberty Mutual over his 28-year career with the company. He became president in 2010 and chief executive officer in 2011.

All of us at Liberty Mutual Insurance owe Ted Kelly a tremendous debt of gratitude for his leadership and vision in transforming Liberty Mutual Insurance into the fifth largest global property and casualty insurer, said Long. On behalf of our 50,000 employees worldwide, I wish Ted and his family the very best in the years ahead.

Boston-based Liberty Mutual Insurance, founded in 1912, is a diversified global insurer and the third largest property and casualty insurer in the United States based on 2011 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance ranks 84th on the Fortune 100 list of largest corporations in the United States based on 2011 revenue. As of Dec. 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.

The insurer employs over 50,000 people in more than 900 offices throughout the world.

Originally posted here:

David Long to succeed Ted Kelly as Liberty Mutual chairman