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 2025 Reuters. Click for restrictions.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
AIG Joins Private Equity Firm Onex to Acquire Re/Insurer Convex Group 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Security First the Latest in Florida to Announce Home Insurance Rate Cut 
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says 
