IN: Liberty Mutual Insurance to Expand, Add 400 Jobs in Hamilton County
21 Nov, 2017
Liberty Mutual Insurance, a diversified global insurer, announced plans to expand its operation in Hamilton County, creating up to 400 new, high-wage jobs by 2021.
“Indiana’s economic success is being heard far and wide as companies like Liberty Mutual continue to grow here,” Gov. Eric Holcomb said. “We’ll keep Indiana’s momentum going with our pro-business environment and by ensuring our most valuable resources — our people — have the skills needed for the 21st Century workforce. I look forward to Liberty Mutual’s continued success in Indiana and the good jobs they will create for hardworking Hoosiers.”
The global company, which is headquartered in Boston, is investing more than $14 million to expand near its operations center at 11611 N. Meridian St. in Carmel, leasing 56,000 square feet in an adjacent building in the Parkwood Crossing office complex, which is owned and operated by locally based Strategic Capital Partners in partnership with Rubenstein Partners. Renovations will begin during the first quarter of 2018, allowing the company to be fully operational in the expanded space by next spring. As part of the company’s growth, driven in part by its dedicated workforce, Liberty Mutual’s expansion in Indiana will position it to continue to deliver high quality services to its customers.
Liberty Mutual employs more than 50,000 people in over 800 offices worldwide, including 1,430 in central Indiana. These new positions are expected to offer average salaries higher than the state and Hamilton County average wages. Applicants interested in Indiana positions may review Liberty Mutual career opportunities online.
“Liberty Mutual is pleased to announce that we are expanding our presence in the Indianapolis metropolitan area by leasing additional space in the Parkwood Crossing office complex to accommodate approximately 400 employees,” said Karen Whiteknact, Liberty Mutual Insurance Senior Vice President, Talent & Enterprise Services. “This expansion strengthens our already significant commitment to this city and state of Indiana, where we've long been impressed with its talented workforce and quality of life.”
Founded in 1912, Liberty Mutual Insurance is the fourth largest property and casualty insurer in the U.S. based on its 2016 direct written premium data and according to the National Association of Insurance Commissioners. As a global insurer, the company has operations in 30 countries and economies around the world, offering insurance products and services including personal automobile, homeowners, accident and health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. Liberty Mutual Insurance ranks 75th on the Fortune 100 list of largest corporations in the U.S. based on its 2016 revenue of more than $38 billion.
Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will offer Liberty Mutual Group Inc. up to $5,200,000 in conditional tax credits and up to $300,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Carmel supports the project.
"We are very pleased to see our Meridian Corporate Corridor continuing to generate private investment and more jobs to our community,” Carmel Mayor James Brainard said. “Today's news will result in 400 new high-paying jobs, which is exactly why we continue to invest in our city to build one of the best places in America to live, work and raise a family."
Earlier this month, Governor Eric J. Holcomb announced a record-breaking year for economic development in Indiana. In 2017, with nearly one month still to go, 270 businesses across all industries have committed to creating nearly 29,000 new Hoosier jobs in the coming years – an all-time high since the IEDC was established in 2005.
About Liberty Mutual Insurance
In business since 1912, and headquartered in Boston, Mass., the company is a leading global insurer with operations in 30 countries and economies around the world. It is the fourth largest property and casualty insurer in the U.S. based on 2016 direct written premium data as reported by the National Association of Insurance Commissioners. Liberty Mutual Insurance also ranks 75th on the Fortune 100 list of largest corporations in the U.S. based on 2016 revenue. You can learn more by visiting www.libertymutualinsurance.com.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov.