Big developments in the Indian insurance sector! Liberty Mutual took stake in ‘Liberty General Insurance’ to 74 percent

• Big developments in the Indian insurance sector!
• Liberty Mutual took stake in ‘Liberty General Insurance’ to 74 percent

Mumbai, 18 May 2026: Liberty Mutual Insurance today announced that it has increased its stake in Liberty General Insurance Limited (LGI) to 74 per cent. Earlier in September 2025, Liberty Mutual increased its stake from 49 percent to 55.40 percent. After that, the company has made a new increase in the share capital.

Talking about the development of capital share, Chief Executive Officer (CEO) and Whole Time Director of ‘Liberty General Insurance’ Shri. Parag Ved said, “With the stronger support of Liberty Mutual, we are now in a better position to expand our distribution network across the country as well as strengthen our presence in the retail and commercial sectors. We will continue to focus on building a strong, consistent and resilient business, while positioning ourselves appropriately in this ever-changing market.”

Mr. Commenting further, Ved added, “The diversity and growing demand for insurance coverage in India presents a unique opportunity for the insurance business to expand. We can play a significant role in increasing insurance penetration in the country. As we move forward in this sector, our priority is to achieve sustainable and profitable growth, strengthen trust with our stakeholders and create long-term value for our customers, partners as well as the society we serve.”

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Commenting on this development, President of ‘Liberty International Insurance APAC’ Mr. Matthew Jackson said, “We are expanding our business in the Asia Pacific region and India remains a very important market for Liberty Mutual due to its strong foundation and immense growth opportunities. Increasing our stake in Liberty General Insurance will help us to further develop this business and bring our global capabilities directly to this market.”

Liberty Mutual Insurance Group is ranked 91st on the Fortune 500 list and is the 9th largest property and casualty insurance company globally. In 2025, the company has total assets of $178.2 billion and total revenue of $50.5 billion.

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