NJ PURE, a medical malpractice insurer in New Jersey, has entered into a strategic alliance with Liberty International Underwriters, a division of Liberty Mutual Insurance.
NJ PURE is a not-for-profit reciprocal exchange entering its 12th year of business and expects this agreement to further its growth significantly.
“Our policyholders now have the additional comfort of knowing that NJ PURE’s policies are backed by Liberty Mutual, a financially strong, A-rated global insurer,” said Eric Poe, chief litigation and marketing officer of NJ PURE. “This underscores NJ PURE’s reputation as a physician advocate. We believe Liberty Mutual’s commitment to us is a testament to our business model and long term viability.”
Boston‐based Liberty Mutual Insurance is a diversified global insurer that ranks 81st on the Fortune 100 list of largest corporations in the US based on 2012 revenue. As of December 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.
“We look forward to working with NJ PURE and its high quality management team,” said Carl Pursiano, senior vice president and chief underwriting officer of US Specialty Casualty for Liberty International Underwriters, specialty lines division, Liberty Mutual Insurance.
NJ PURE, Liberty International Underwriters, Liberty Mutual Insurance