Liberty Mutual Group has entered the Chilean insurance market with the purchase of AGF Allianz Chile SA.
The company would be renamed Liberty Seguros and would offer a full range of property casualty products for commercial and personal customers, said Liberty.
The deal went through for a consideration of €39m (£26.3m).
“Chile is a very attractive market and this acquisition fits very well into our Latin American strategy,” said Liberty Mutual chairman, president and chief executive Edmund Kelly.
“This is an opportunity to acquire a market leader with a reputation for quality service and innovation.”
Liberty Mutual Group operates insurance companies in Venezuela and Colombia, and has a significant presence in Brazil and Argentina.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
