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Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

Liberty Mutual to pay $4.7 million for settling U.S. criminal bribery probe against its Indian subsidiary

by AIP Online Bureau | Aug 14, 2025 | Banking & Bancassurance, Indian News, Non-Life

In a letter made public on Monday, the Justice Department said the subsidiary, Liberty General Insurance, paid $1.47 million in bribes to six state-owned banks, which in exchange referred customers to its insurance products. Washington: US insurer Liberty Mutual will...
Chubb to acquire Liberty Mutual’s P&C insurance businesses in Thailand and Vietnam

Chubb to acquire Liberty Mutual’s P&C insurance businesses in Thailand and Vietnam

by AIP Online Bureau | Mar 4, 2025 | International News, Non-Life

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...

Liberty Mutual considers selling its Thailand and Vietnam businesses

by AIP Online Bureau | Dec 22, 2024 | Eco/Invest/Demography, International News, Non-Life

A move to sell Thailand and Vietnam would follow other previous disposals from Liberty Mutual globally Liberty Mutual Holding Co. is considering a sale of its businesses in Thailand and Vietnam as the US insurer seeks to streamline its operations, according to people...

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