Liberty Mutual seeks to acquire AMGeneral

Liberty Mutual is expected to become the largest motor insurer in Malaysia, following the planned acquisition and subsequent merger.

KUALA LUMPUR: Liberty Mutual will be applying for regulatory approval to acquire Malaysian insurer AmGeneral Insurance Bhd (AmGeneral).

Subject to receiving appropriate regulatory approvals, Liberty Insurance Bhd will acquire 100% shares of AmGeneral, while AmBank Group’s share of the sale proceeds will be in the form of cash and consideration shares.