The combined operations produced approximately $275 million in net premiums written in 2024
ZURICH: Chubb Limited on Monday 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 & 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 $275 million in net premiums written in 2024.
The transactions are expected to be completed by the second quarter of 2025 (Thailand) and late 2025 / early 2026 (Vietnam) and are subject to required regulatory approvals and customary closing conditions.
Chubb operates in 54 countries and territories. It provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.