The Bad PlaceTimes of India | Liberty Mutual hikes stake in Indian arm
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Boston‑headquartered Liberty Mutual Insurance has raised its holding in its Indian joint venture, Liberty General Insurance, to 74% as of May 18, 2026—up from 49% originally and 55.4% in September 2025. The increase follows the exit of the Videocon Group in 2018, when its 51.3% stake was split between DP Jindal Group’s Diamond Dealtrade (26%) and Enam Securities (25.3%). Liberty General’s CEO and whole‑time director Parag Ved said the stronger backing from Liberty Mutual will help the insurer expand its distribution network and deepen its presence across both retail and commercial lines.
Liberty Mutual hikes stake in Indian arm
Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.