Chubb buys Liberty Mutual’s P&C businesses in Thailand, Vietnam

Terms of the deal were not disclosed.

Chubb Limited announced its acquisition of Liberty Mutual’s property and casualty (P&C) businesses in Thailand and Vietnam.

The terms of the deal were not disclosed. The transactions are expected to close in the second quarter of 2025 for Thailand and between late 2025 and early 2026 for Vietnam.

The acquisition includes LMG Insurance in Thailand and Liberty Insurance in Vietnam, which provide consumer and commercial property and casualty products such as automotive, accident and health, fire, property, and industrial all-risk insurance. 

The businesses operate through 56 branches, 2,600 brokers and agents, and 26 finance partners. 

In 2024, their combined operations generated approximately $275m in net premiums written.