Liberty Mutual Holding Co. is contemplating a sale of its companies in Thailand and Vietnam because the US insurer seeks to streamline its operations, based on folks accustomed to the matter.
Liberty Mutual is working with a monetary adviser on the potential disposal, which might assist it elevate a couple of hundred million {dollars}, the folks mentioned, asking to not be recognized as a result of the deliberations are non-public. Different international and regional insurers have expressed preliminary curiosity within the property, the folks mentioned.
Issues are ongoing and no ultimate selections have been made, the folks mentioned. A consultant for Liberty Mutual declined to remark.
A transfer to promote Thailand and Vietnam would observe different earlier disposals from Liberty Mutual globally. Earlier this yr, the US insurer sold a group of European businesses to Assicurazioni Generali SpA for round $2.5 billion as a part of its efforts to exit non-core markets and bulk up in US property and casualty insurance coverage.
Copyright 2024 Bloomberg.
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