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.
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain 
Board Calls for US Steel to Address Safety Issues as It Rebuilds Site of Fatal Explosion 
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’ 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
