Liberty Mutual buys KIT Finance to enter Russia insurance market
Liberty Mutual Holding Co., the second-largest, policyholder-owned property and casualty insurer in the U.S., said it bought KIT Finance Insurance to enter the Russian market.
KIT Finance had almost $50 million in policy sales last year, mostly from auto coverage, Boston-based Liberty Mutual said today in a statement that didn’t disclose terms.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.