Liberty Mutual Expands Influence in India's Insurance Sector

Liberty Mutual Insurance, a US-based firm, has announced an increase in its shareholding in Liberty General Insurance Limited (LGI) to 74 percent. This follows a previous increase in their Indian arm to 55.40 percent in September 2025. This move is enabled by the Indian government's decision to allow 100 percent foreign direct investment in the insurance sector last December.

Parag Ved, CEO and Whole-Time Director of LGI, highlighted that with Liberty Mutual's reinforced backing, LGI is better poised to expand its distribution network and deepen its presence across retail and commercial lines. The company aims to capitalize on India's diverse market and growing protection demand, focusing on sustainable, profitable growth and long-term value creation.

Matthew Jackson, Liberty International Insurance APAC president, emphasized India's significance in Liberty Mutual's Asia-Pacific strategy, noting that increasing the shareholding in LGI will further develop the business and bring global capabilities directly to the market. Liberty Mutual ranks 91st on the Fortune 500 and is the 9th-largest property and casualty insurer globally, with significant assets and revenue.

(With inputs from agencies.)