Chubb(CB) Prnewswire·2025-03-03 03:00Core Viewpoint - Chubb Limited has announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam, representing an opportunity to enhance and expand its business operations [1]. Group 1: Acquisition Details - The acquisition includes LMG Insurance in Thailand and Liberty Insurance in Vietnam, which provide a variety of consumer and commercial property and casualty (P&C) products, including automotive, accident & health, and non-motor insurance such as fire/property and industrial all-risk [2]. - The combined operations of these businesses generated approximately $275 million in net premiums written in 2024 [2]. Group 2: Transaction Timeline - The transactions are expected to be completed by the second quarter of 2025 for Thailand and late 2025 to early 2026 for Vietnam, pending regulatory approvals and customary closing conditions [3]. Group 3: Company Overview - Chubb is a global leader in insurance, operating in 54 countries and territories, offering a wide range of insurance products including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance [4]. - The company is characterized by its extensive product offerings, broad distribution capabilities, strong financial position, and local operations worldwide [4]. - Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is part of the S&P 500 index, employing approximately 43,000 people globally [4].