Chubb Limited has announced its acquisition of Liberty Mutual’s property and casualty (P&C) businesses in Thailand and Vietnam. The terms of the deal have not been disclosed.
The transaction is expected to be finalized by the second quarter of 2025 for the Thai operations, and between late 2025 and early 2026 for the Vietnamese operations.
The deal includes LMG Insurance in Thailand and Liberty Insurance in Vietnam. Both companies offer a range of consumer and commercial P&C products, including automotive, accident and health, fire, property, and industrial all-risk insurance.
These businesses are supported by 56 branches, 2,600 brokers and agents, and 26 finance partners. In 2024, their combined operations generated approximately $275 million in net premiums written.
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