Liberty Mutual Group, based in the US state of Massachusetts, has announced the postponement of the initial public offering (IPO) of Liberty Mutual Agency Corp. (LMAC), citing the lacklustre demand from investors and the uncertain state of the US economy as main causes. Not so long ago it was heralded as the biggest IPO of 2010 in the US, Liberty Mutual Group had initially sought to raise almost US$1.3 billion (EUR 956 million) by selling 64.3 million Class A LMAC shares at an initial price of between US$18 (EUR 13.5) and US$20 (EUR 15) per share.

Allied World Assurance Company Holdings, Ltd. has established a healthcare division through its European operation, Allied World Europe, to sell health insurance solutions in European Markets. Allied World Assurance, which offers property, casualty and specialty insurance and reinsurance solutions as well as a growing international health insurance unit, intends to use the new European health…