As part of its $14 million expansion plan,
Liberty Mutual is planning to add up to 400 jobs in Carmel, IN.
The insurer has plans to lease 56,000 square-feet in the Parkwood Crossing complex for a new site. Currently, Liberty Mutual employs 1,430 in central Indiana. Renovations for the space could start sometime early next year and be complete in the spring.
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The Indiana Economic Development Corp. (IEDC) said that the new jobs offered by Liberty Mutual – expected to be created by 2021 – will pay more than the state and Hamilton County’s average wages.
“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,” said Liberty Mutual senior vice-president of talent and enterprise Karen Whiteknact.
If approved by the board of directors, the IEDC will offer the insurer up to $5.5 million in conditional tax and training incentives,
Inside Indiana Business reported.
Last year, Liberty Mutual generated $38 billion in revenue. The company has operations in 30 countries and is considered the fourth-largest property and casualty insurer in the US by the National Association of Insurance Commissioners.
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