Talanx buys Liberty Mutual’s Latin America business for 1.38 billion euros


(Reuters) – Germany’s Talanx said on Saturday it had acquired Liberty Mutual Insurance’s Latin America business for about 1.38 billion euros ($1.52 billion), through its subsidiary HDI International.

“The acquisition encompasses Liberty’s retail business in Brazil, Chile, Colombia and Ecuador,” Talanx said, adding that the transaction is expected to close in the first half of 2024.

($1 = 0.9084 euros)

(Reporting by Bharat Govind Gautam in Bengaluru; Editing by Alison Williams)