Liberty Mutual Insurance, a property and casualty insurer, has announced that it has increased its shareholding in Liberty General Insurance Limited (LGI) to 74%.
Liberty General Insurance Ltd. is a joint venture (JV) between Summit Asia Investments Holdings Pte. Ltd., a group company of Liberty Mutual Insurance Group, which now holds a 74% stake, and Enam Securities, which retains a 26% stake.
The announcement follows Liberty Mutual’s earlier increase in its stake from 49% to 55.40% in September 2025.
Parag Ved, Chief Executive Officer & Whole-Time Director, Liberty General Insurance, 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. Our focus remains on building a business that is consistent, resilient, and built on sound fundamentals, while remaining adaptable in a market that is defined by constant change.
“India presents a unique opportunity with its diversity, and growing demand for protection, and we can play a meaningful role in advancing insurance penetration in the country. As we move forward, our priority is clear—to deliver sustainable profitable growth, strengthen trust with our stakeholders, and continue building long-term value for customers, partners, and the communities we serve.”
Matthew Jackson, President, Liberty International Insurance APAC, added, “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.”
