Liberty General Insurance Ltd. (LGI) commenced operations in 2013. Till September 2025, Liberty Mutual held a 49 per cent stake in Liberty General Insurance, while Diamond Dealtrade (a DP Jindal Group company) held 25 per cent and Enam Securities held 26 per cent.
In September 2025, Liberty Mutual increased its stake to 55.40 per cent. With the latest transaction, Liberty Mutual has further increased its shareholding to 74 per cent, while Enam Securities continues to hold the remaining 26 per cent.
The company did not disclose the terms of the deal.
“With stronger backing from Liberty Mutual, we are now better positioned to expand our distribution footprint and deepen our presence across retail and commercial line segments. Our focus remains on building a business that is consistent, resilient, and built on sound fundamentals, while remaining adaptable in a market that is defined by constant change,” Parag Ved, Chief Executive Officer & Whole-Time Director, Liberty General Insurance, said in a statement.
“India remains an important market for Liberty Mutual as we build our business across Asia Pacific, supported by strong fundamentals and significant opportunity for growth. Increasing our shareholding in Liberty General Insurance allows us to further develop the business and bring our global capabilities more directly to the market,” Matthew Jackson, President, Liberty International Insurance APAC, said.
Liberty Mutual, is the ninth largest global property and casualty insurer and generates more than USD 50 billion in annual consolidated revenue.
