Liberty Mutual Insurance on Monday increased its stake in Liberty General Insurance to 74%, strengthening its presence in India’s non-life market. The move follows Liberty Mutual’s earlier increase in shareholding from 49% to 55.4% in September 2025.
Liberty General Insurance is a joint venture between Summit Asia Investments Holdings, a Liberty Mutual group company, and Enam Securities, which now holds the remaining 26% stake.
Foreign insurers have been consolidating ownership in Indian ventures after regulatory easing allowed higher foreign participation. Prudential acquired a controlling 75% stake in Bharti Life Insurance, underscoring growing interest in India’s underpenetrated insurance market.
Liberty General, which began operations in 2013, has more than 1,300 employees and operates from over 95 locations. The insurer reported a 25% increase in gross written premium in FY26 to ₹2,814 crore.
Its market share stood at 0.84% at the end of March 2026.
Source: Economic Times