Chubb Expands Southeast Asian Footprint with Liberty Mutual Acquisition

Chubb Limited has announced agreements to acquire Liberty Mutual's insurance operations in Thailand and Vietnam, significantly boosting its presence in Southeast Asia. The deal includes LMG Insurance in Thailand and Liberty Insurance in Vietnam, which collectively wrote approximately $275 million in net premiums in 2024. These businesses offer a range of consumer and commercial P&C products, including automotive, accident & health, and property insurance. The acquisition is expected to close by Q2 2025 for Thailand and late 2025/early 2026 for Vietnam, subject to regulatory approvals. This strategic move aligns with Chubb's expansion plans in the rapidly growing Asian insurance market.

 

Sources: Chubb Limited Press Release, Liberty Mutual Insurance Press Release, PRNewswire