Liberty Group Announces Agreement for the adoption of Indiana Seguros, Brazil
BOSTON - Liberty Mutual Group announced today that its Brazilian subsidiary, Liberty International Brasil Ltda, has entered into an agreement to purchase 100 percent of Indiana Seguros SA The acquisition is subject to approval by the competent authorities Brazil, and all parties to work earlier, the deadline.
Once the transaction is completed, Liberty Brazil is the No. 10 largest insurer with damage to the Brazilian market for insurance, with a market share of 3.2 per cent, a portfolio of more than one million customers and net income by writing grant amounting to U.S. $ 580 million.
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