"The acquisition is an important milestone in the implementation of our strategy to reach a top 5 position in our core markets across the property & casualty business by 2025, to further diversify our portfolio and to strengthen our technical excellence," Wilm Langenbach, CEO of HDI International, said in a release. (Credit: User54871/Wikimedia Commons)
Liberty Mutual Insurance Inc. is selling its Latin American personal and small commercial businesses to The Talanx Group subsidiary HDI International AG in a deal valued at approximately $1.48 billion. The transaction is expected to close in the first half of 2024, Talanx reported.
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