Anthony R. O’Donnell // May 29, 2023
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The Talanx Group (Hannover, Germany), a European insurance group and owner of Hannover Re with premium income of EUR 37 billion, has announced that it has become the third-largest insurer by premium income in property/casualty business in Latin America through the acquisition of companies from Liberty Mutual (Boston). The Retail International division of the Talanx Group has signed a purchase agreement to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, and Ecuador, according to a statement from Talanx and Liberty Mutual.