Property and casualty insurance company Liberty Mutual Insurance announced that it has increased its stake in Liberty General Insurance Limited (LGI) to 74%.
Liberty General Insurance Ltd. is a joint venture (JV) between Summit Asia Investments Holdings Pte. Ltd. and Summit Asia Investments Holdings Pte. Ltd. Ltd., a group company of Liberty Mutual Insurance Group, currently holds a 74% stake, while Enam Securities retains 26%.
Previously, Liberty Mutual increased its stake from 49% to 55.40% in September 2025.
Parag Ved, CEO and Whole-Time Director, Liberty General Insurance said: “With the strong support of Liberty Mutual, we are now in a better position to expand our distribution footprint and deepen our presence in the retail and commercial segments. Our focus remains on building a stable, resilient and well-funded business while remaining adaptable in the changing market.”
“India’s diversity and growing protection needs provide a unique opportunity for us to play a meaningful role in increasing insurance penetration in the country. As we move forward, our priorities are clear – to deliver sustainable profitable growth, strengthen trust with our stakeholders and continue to create long-term value for customers, partners and the communities we serve.”
Matthew Jackson, president of Liberty International Insurance Asia Pacific, added: “As we build our presence in Asia Pacific, India remains an important market for Liberty Mutual, supported by strong fundamentals and significant growth opportunities. Increasing our stake in Liberty General Insurance enables us to further grow the business and bring our global capabilities more directly to the market.”