The Chubb logo in front of the Chubb Corporation's office building in Wilmington, Delaware. (Credit: Bo/Adobe Stock)
According to a release from Chubb, these two companies offer a range of consumer and commercial P&C products, including auto, accident and health and non-motor insurance like property fire coverage and industrial risk. Combined, the insurers had an estimated $275 million in net written premium in 2024.
The deal with LMG Insurance in Thailand is expected to be complete by the second quarter of 2025, and the transaction with Liberty Mutual in Vietnam is expected to close in late 2025 or early 2026. Terms of the deals were not disclosed.
These acquisitions follow two others the global insurer made in 2024.
In April 2024, Chubb announced a definitive agreement to acquire U.S.-based pet insurer Healthy Paws from Aon plc. Chubb had already served as the exclusive underwriter for Healthy Paws since 2013.
In a release, the company said in a release that, “The long-standing Chubb and Healthy Paws relationship positions the combination for accelerated growth while supporting a seamless transition for employees, customers and other business partners.”
In June 2024, Chubb announced plans to purchase Catalyst Aviation Insurance, a Melbourne-based managing general agent specializing in general aviation insurance in Australia.
In a release about the Catalyst acquisition, the company stated: “The addition of Catalyst Aviation would expand Chubb's presence in an important aviation market, providing local market access for brokers and clients, and expanding the reach of the aviation insurance products and capabilities of Chubb Global Markets, the company's London Market wholesale and specialty business including its Lloyd's platform.”
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