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The parties did not disclose the financial terms of the agreements.
Panamericana, which began operations in 1973, is the 11th largest property and casualty insurer in
Cervantes was owned by
"With the additions of Panamericana and Cervantes, we enter Ecuador’s dynamic and growing insurance market from a position of strength,” said
The acquisitions in
Private passenger automobile insurance is the single largest line of business for Liberty Mutual's International operations, which insures more than 5.9 million autos worldwide.
Liberty Mutual has been the number one insurer in
"Helping people live safer, more secure lives" since 1912,
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