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Liberty Mutual Insurance on Monday (May 18) has increased its stake in Liberty General Insurance Ltd to 74% in India. The company had earlier raised its stake in Liberty General Insurance from 49% to 55.40% in September 2025.
Liberty General Insurance Chief Executive Officer and Whole-Time Director Parag Ved said, “With stronger backing from Liberty Mutual, we are now better positioned to expand our distribution footprint and deepen our presence across retail and commercial line segments.
The focus remains on building a business that is consistent, resilient, and built on sound fundamentals, while remaining adaptable in a market defined by constant change."
The government allowed up to 100% foreign direct investment in the insurance sector in December last year.
Liberty International Insurance APAC president Matthew Jackson said, "India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth. Increasing our shareholding in Liberty General Insurance allows us to further develop the business and bring our global capabilities more directly to the market."
Also Read: Liberty General Insurance launches surety business in India
Liberty General Insurance Ltd is a joint venture between Liberty Citystate holdings PTE Ltd—a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the US, Enam Securities, and Diamond Dealtrade.
It commenced operations in 2013 and offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, fire and engineering insurance, marine insurance and other miscellaneous insurance products in India.
The company has an employee strength of 1100+ with presence across 100+ locations in 29 states and UTs. Its partner network consists of about 6,000+ hospitals and more than 5000 auto service centres.
Also Read: Explained | Coverage, limits and gaps in health insurance for severe infections
Liberty General Insurance Chief Executive Officer and Whole-Time Director Parag Ved said, “With stronger backing from Liberty Mutual, we are now better positioned to expand our distribution footprint and deepen our presence across retail and commercial line segments.
The focus remains on building a business that is consistent, resilient, and built on sound fundamentals, while remaining adaptable in a market defined by constant change."
The government allowed up to 100% foreign direct investment in the insurance sector in December last year.
Liberty International Insurance APAC president Matthew Jackson said, "India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth. Increasing our shareholding in Liberty General Insurance allows us to further develop the business and bring our global capabilities more directly to the market."
Also Read: Liberty General Insurance launches surety business in India
Liberty General Insurance Ltd is a joint venture between Liberty Citystate holdings PTE Ltd—a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the US, Enam Securities, and Diamond Dealtrade.
It commenced operations in 2013 and offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, fire and engineering insurance, marine insurance and other miscellaneous insurance products in India.
The company has an employee strength of 1100+ with presence across 100+ locations in 29 states and UTs. Its partner network consists of about 6,000+ hospitals and more than 5000 auto service centres.
Also Read: Explained | Coverage, limits and gaps in health insurance for severe infections
