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Why did Liberty Mutual acquire Safeco?

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Why did Liberty Mutual acquire Safeco?

My question is from rvos insurance topic

I had been asked this question in semester exam.

Other related questions to my question are:

When did Liberty Mutual acquire Safeco?

Is Liberty Mutual affiliated with Safeco?

How much did Liberty Mutual pay for Safeco?

Who did Liberty Mutual acquire?

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Correct answer is: “The acquisition of Safeco by Liberty will provide Liberty with greater personal insurance depth, greater competitive presence in the Western U.S., and greater national scale,” said Standard & Poor's credit analyst Michael Gross. Standard & Poor's Ratings Services placed its ratings of Safeco Corp.Apr 23, 2008

The title of my answer can be Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

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