Global property and casualty insurer Liberty Mutual has announced it is shedding two of its European units following a strategic review.
The company is set to sell its London-based Pembroke Managing Agency Limited and its Dublin-based Ironshore Europe DAC businesses, both of which were acquired through the purchase of Ironshore in May 2017. Subject to regulatory approval, both units, plus Liberty Mutual’s Dubai-based Visionary operation, will be sold to Hamilton Insurance Group.
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