"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.
Included in the deal are Liberty Seguros' personal and small commercial businesses in Brazil, Chile, Columbia and Ecuador, according to the purchasing firm. Also included in the transaction is Liberty Specialty Markets' direct insurance business in Brazil, Chile and Columbia.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
