Liberty Mutual Insurance has announced that Jay Hooley has been elected to the company’s Board of Directors.
Hooley is the Chairman and former Chief Executive Officer (CEO) of State Street Corporation, the U.S financial services and bank holding company.
As former CEO of State Street, Hooley was responsible for leading a company of 40,000 employees, with $31.6 trillion in assets under custody and administration, and $2.5 trillion in assets under management as of December 31, 2018.
“We are thrilled to have a leader like Jay Hooley, who brings a wealth of accomplishments and strong stature, join our board of directors,” said David Long, CEO of Liberty Mutual Insurance.
“I look forward to working with him as we strive to make Liberty a top-three global property and casualty company,” he continued.
Hooley also commented: “I am delighted to join the Liberty Mutual Board of Directors. The company’s belief that progress happens when people feel secure is at the core of how it fulfills its purpose of helping people embrace today and confidently pursue tomorrow.”
“I look forward to working with the Liberty Mutual Board and management team to help achieve the company’s goals,” he added.