Chubb has 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.
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.