Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets

Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.’s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia.

Chubb plans to buy LMG Insurance Public Co. in Thailand and Liberty Insurance Ltd. in Vietnam, according to a statement on Monday, which confirmed an earlier report by Bloomberg News. The businesses offer insurance services including automotive, accident & health, and other non-motor insurance such as fire, property and industrial.

The deal, the terms of which were not disclosed, includes 56 distribution branches, 2,600 brokers and agents and 26 finance partners, according ...