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.
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Sources: US Treasury to Consult With Insurance Regulators on Private Credit Lenders 
