Chubb To Purchase Insurance Companies Of Liberty | International Market Information
(RTTNews) – Chubb Restricted (CB) agreed to amass the insurance coverage companies of Liberty Mutual in Thailand and Vietnam. The phrases weren’t disclosed.
The 2 corporations — LMG Insurance in Thailand and Liberty Insurance in Vietnam — offer a vary of shopper and industrial P&C merchandise, together with Automotive, Accident & Well being and Non-Motor insurance coverage resembling fire/property and industrial all-risk. The portfolio is coupled with complementary distribution via 56 branches, 2,600 brokers and brokers, and 26 finance companions. The mixed operations produced roughly $275 million in web premiums written in 2024.
The transactions are anticipated to be accomplished by second quarter of 2025 (Thailand) and late 2025 / early 2026 (Vietnam).
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