Chubb to acquire Liberty Mutual’s P&C insurance operations in Thailand and Vietnam
Global insurance carrier Chubb Limited has entered into agreements to acquire LMG Insurance in Thailand and Liberty Insurance in Vietnam, Liberty Mutual’s property and casualty (P&C) insurance businesses in Thailand and Vietnam.
The two companies being acquired by large insurer Chubb offer a range of consumer and commercial P&C products, including automotive, accident & health, and non-motor insurance such as fire, property, and industrial all-risk.
It’s been confirmed that the portfolio being purchased is coupled with complementary distribution through 56 branches, 2,600 brokers and agents, and 26 finance partners.
The combined operations produced approximately $275 million in net premiums written in 2024.
The agreement to acquire the Thailand-based insurer is expected to close in the second quarter of this year, while the acquisition of Liberty Insurance in Vietnam is expected to close late this year or early in 2026, subject to required regulatory approvals and customary closing conditions.
Terms of the agreements were not disclosed.
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