Liberty Mutual entered Ecuador’s insurance marketplace in 2012 with the acquisitions of Panamericana de Seguros del Ecuador S.A. and Cervantes S.A. Compania de Seguros y Reaseguros. The two companies’ combined property and casualty market share will position Liberty Mutual as the fifth-largest non-life insurer in Ecuador.
The Chinese Insurance Regulatory Commission granted Liberty Mutual approval in 2012 to establish its fifth branch in Shandong province.
India’s insurance regulatory authority granted a license to do business to Liberty Videocon General Insurance Company, which will provide multiline insurance underwriting capabilities nationally to various distribution channels, with an emphasis on personal insurance products.
Liberty Mutual entered Russia’s $25 billion property and casualty insurance market with the acquisition of KIT Finance Insurance, a multiline, multidistribution channel company with its own sales force as well as multiple banc assurance and affinity partnerships.