Liberty Mutual Weighs Sale of Thailand, Vietnam Assets

In a significant development, Liberty Mutual Holding Co. is reportedly considering the sale of its businesses in Thailand and Vietnam. This move comes as the US insurer aims to streamline its operations, according to sources familiar with the matter.

Liberty Mutual is working with a financial advisor on this potential disposal. The sale could potentially generate a few hundred million dollars, the sources said, adding that other global and regional insurers have shown preliminary interest in the assets. However, the considerations are still ongoing, and no final decision has been made. A representative for Liberty Mutual declined to comment.

This decision to sell the Thai and Vietnamese businesses follows other global disposals by Liberty Mutual. Earlier this year, the company sold a group of European businesses to Assicurazioni Generali SpA for approximately $2.5 billion. This was part of Liberty Mutual’s strategy to exit non – core markets and focus on its US property and casualty insurance operations.

The sale of these Southeast Asian assets would not only help Liberty Mutual streamline its operations but also potentially allow it to reallocate resources more effectively. It remains to be seen how the sale will impact the company’s overall business strategy and the future of the assets in question.

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