US-based Liberty Mutual Insurance on Monday announced that it has increased its shareholding in Liberty General Insurance Limited (LGI) to 74 per cent.
This development follows the earlier increase in Liberty Mutual’s stake from 49 per cent to 55.40 per cent in its Indian arm in September 2025, the company said in a statement.
The government allowed up to 100 per cent foreign direct investment in the insurance sector in December last year.
1 May 2026
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Speaking on the development, 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, he said.
India presents a unique opportunity with its diversity and growing demand for protection and the company can play a meaningful role in advancing insurance penetration in the country, according to Ved.
"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," he added.
Commenting on this development, 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," Jackson added.
Liberty Mutual Insurance Group is ranked 91st among Fortune 500 companies and is the 9th-largest property and casualty insurer globally, with USD 178.2 billion in assets and USD 50.5 billion in revenue in 2025. PTI
