Chubb (CB) announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam. The terms were not disclosed. The two companies – LMG Insurance in Thailand and Liberty Insurance in Vietnam – offer a range of consumer and commercial P&C products, including automotive, accident and health and non-motor insurance such as fire/property and industrial all-risk. This portfolio is coupled with complementary distribution through 56 branches, 2,600 brokers and agents, and 26 finance partners. The combined operations produced approximately $275M in net premiums written in 2024. The transactions are expected to be completed by second quarter of 2025 and late 2025 / early 2026 and are subject to required regulatory approvals and customary closing conditions.
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