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Liberty Mutual Insurance Completes Acquisition of Insurance Company Based in Malaysia

Liberty Mutual Insurance announced that it has completed its acquisition of AmGeneral Insurance Berhad – an insurance company based in Malaysia.

The transaction closed following the receipt of regulatory approval in Malaysia, and after Liberty Mutual signed a purchase and sale agreement with AmBank Group.

AmGeneral is comprised of 1,400 employees across 33 branch locations. It is one of the country’s top three motor insurers, and it distributes its personal and commercial insurance products under the AmAssurance and Kurnia brands through over 6,000 agents, brokers, car dealers, franchises and affinity partners.

Read the source article at Insurance Business

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