Chubb to Acquire Liberty Mutual's P&C Insurance Businesses in Thailand and Vietnam
Chubb (NYSE: CB) has announced agreements to acquire Liberty Mutual's Property & Casualty insurance operations in Thailand and Vietnam. The acquisition targets LMG Insurance (Thailand) and Liberty Insurance (Vietnam), which collectively generated $275 million in net premiums written in 2024.
The acquired businesses offer diverse consumer and commercial P&C products, including Automotive, Accident & Health, and Non-Motor insurance such as fire/property and industrial all-risk coverage. The operations feature an extensive distribution network comprising 56 branches, 2,600 brokers and agents, and 26 finance partners.
While financial terms remain undisclosed, the transactions are scheduled for completion in Q2 2025 for Thailand and late 2025/early 2026 for Vietnam, subject to regulatory approvals and customary closing conditions.
Chubb (NYSE: CB) ha annunciato accordi per acquisire le operazioni di assicurazione Property & Casualty di Liberty Mutual in Thailandia e Vietnam. L'acquisizione riguarda LMG Insurance (Thailandia) e Liberty Insurance (Vietnam), che insieme hanno generato 275 milioni di dollari in premi netti scritti nel 2024.
Le aziende acquisite offrono una vasta gamma di prodotti P&C per consumatori e aziende, tra cui assicurazioni automobilistiche, infortuni e salute, e assicurazioni non motoristiche, come coperture per incendi/proprietà e rischi industriali. Le operazioni dispongono di una rete di distribuzione estesa composta da 56 filiali, 2.600 broker e agenti, e 26 partner finanziari.
Sebbene i termini finanziari rimangano riservati, le transazioni sono programmate per essere completate nel Q2 2025 per la Thailandia e fine 2025/inizio 2026 per il Vietnam, soggette ad approvazioni regolatorie e condizioni di chiusura abituali.
Chubb (NYSE: CB) ha anunciado acuerdos para adquirir las operaciones de seguros de Propiedad y Accidentes de Liberty Mutual en Tailandia y Vietnam. La adquisición se centra en LMG Insurance (Tailandia) y Liberty Insurance (Vietnam), que en conjunto generaron 275 millones de dólares en primas netas escritas en 2024.
Las empresas adquiridas ofrecen una variedad de productos P&C para consumidores y comerciales, incluyendo automóviles, accidentes y salud, y seguros no automovilísticos como coberturas de incendio/propiedad y de riesgos industriales. Las operaciones cuentan con una extensa red de distribución que incluye 56 sucursales, 2,600 corredores y agentes, y 26 socios financieros.
Aunque los términos financieros no se han divulgado, las transacciones están programadas para completarse en el Q2 de 2025 para Tailandia y a finales de 2025/principios de 2026 para Vietnam, sujetas a aprobaciones regulatorias y condiciones de cierre habituales.
Chubb (NYSE: CB)는 태국과 베트남에서 Liberty Mutual의 재산 및 사고 보험 사업을 인수하기 위한 계약을 발표했습니다. 인수 대상은 LMG Insurance (태국)와 Liberty Insurance (베트남)로, 이들은 총 2024년에 2억 7500만 달러의 순보험료를 발생시켰습니다.
인수된 사업체는 소비자 및 상업용 P&C 제품을 다양하게 제공하며, 자동차, 사고 및 건강, 비자동차 보험과 같은 화재/재산 및 산업 전반에 걸친 위험 보장을 포함합니다. 이 사업은 56개의 지점, 2,600명의 중개인 및 대리인, 26개의 금융 파트너로 구성된 광범위한 유통 네트워크를 갖추고 있습니다.
재무 조건은 공개되지 않았지만, 거래는 태국의 2025년 2분기와 베트남의 2025년 말/2026년 초에 완료될 예정이며, 규제 승인 및 일반적인 종료 조건에 따라 진행됩니다.
Chubb (NYSE: CB) a annoncé des accords pour acquérir les opérations d'assurance de biens et de responsabilité de Liberty Mutual en Thaïlande et au Vietnam. L'acquisition concerne LMG Insurance (Thaïlande) et Liberty Insurance (Vietnam), qui ont généré ensemble 275 millions de dollars de primes nettes écrites en 2024.
Les entreprises acquises offrent une gamme diversifiée de produits P&C pour les consommateurs et les entreprises, y compris automobile, accidents et santé, et assurance non automobile telles que la couverture incendie/propriété et les risques industriels. Les opérations disposent d'un vaste réseau de distribution comprenant 56 agences, 2 600 courtiers et agents, et 26 partenaires financiers.
Bien que les modalités financières restent non divulguées, les transactions devraient être finalisées au deuxième trimestre 2025 pour la Thaïlande et fin 2025/début 2026 pour le Vietnam, sous réserve des approbations réglementaires et des conditions de clôture habituelles.
Chubb (NYSE: CB) hat Vereinbarungen zur Übernahme der Sach- und Unfallversicherungsoperationen von Liberty Mutual in Thailand und Vietnam bekannt gegeben. Die Übernahme betrifft LMG Insurance (Thailand) und Liberty Insurance (Vietnam), die zusammen 275 Millionen Dollar an netto geschriebenen Prämien im Jahr 2024 generierten.
Die übernommenen Unternehmen bieten eine Vielzahl von P&C-Produkten für Verbraucher und Unternehmen an, darunter Automobil-, Unfall- und Gesundheitsversicherungen sowie Nicht-Kfz-Versicherungen, wie z.B. Feuer-/Sach- und Industrie-Vollkaskoversicherungen. Die Betriebe verfügen über ein umfangreiches Vertriebsnetz, das aus 56 Filialen, 2.600 Maklern und Agenten sowie 26 Finanzpartnern besteht.
Obwohl die finanziellen Bedingungen nicht offengelegt wurden, sind die Transaktionen für den 2. Quartal 2025 für Thailand und Ende 2025/Anfang 2026 für Vietnam vorgesehen, vorbehaltlich der regulatorischen Genehmigungen und üblicher Abschlussbedingungen.
- Acquisition adds $275M in net premiums to revenue
- Gains extensive distribution network of 56 branches and 2,600 brokers
- Expands market presence in two growing Asian markets
- Diversifies product portfolio in P&C insurance segment
- Acquisition costs not disclosed
- Extended completion timeline spanning into 2026
- Subject to regulatory approval risks
Transaction represents an opportunity to enhance and expand Chubb's business
The two companies — LMG Insurance in
The transactions are expected to be completed by second quarter of 2025 (
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as those related to the acquisition of the businesses noted above, reflect our current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially from such statements, including without limitation, our ability to achieve the anticipated benefits of the proposed transaction; the expected timing of completion of the transaction and our ability to complete it; receipt of any required regulatory approvals and completion of other closing conditions; our ability to integrate the acquired businesses, operations and employees; general competitive, economic, political, insurance and reinsurance business market conditions; and judicial, legislative, regulatory and other governmental developments, as well as management's responses to these factors, and other factors identified in our filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Chubb Limited
FAQ
What is the total premium value of Liberty Mutual's businesses Chubb (CB) is acquiring in Thailand and Vietnam?
When will Chubb (CB) complete the acquisition of Liberty Mutual's operations in Thailand and Vietnam?
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What insurance products are included in Chubb's (CB) acquisition of Liberty Mutual's Asian operations?
