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Liberty Adds A Brazilian Firm

Liberty said once the transaction is completed, Liberty Brazil will become the 10th largest property and casualty insurer in the Brazilian insurance market, with a market share of 3.2 percent, a portf

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Boston-based Liberty Mutual Group announced today that its Brazilian subsidiary, Liberty International Brasil Ltda, has signed an agreement to buy 100 percent of Indiana Seguros, S.A.

Monetary terms were not disclosed. Liberty said the acquisition is subject to regulatory approval in Brazil, and all parties are working to achieve the earliest possible closing date.

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