Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International.
“The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, adding that the transaction is expected to close in the first half of 2024.
($1 = 0.9084 euros)
(Reporting by Bharat Govind Gautam in Bengaluru; editing by Alison Williams)
Copyright 2026 Reuters. Click for restrictions.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Preparing for an AI Native Future 
