US parent pumps €50m into Liberty Insurance

Liberty Insurance received a €50 million capital injection from its US parent last year as its losses more than doubled.

The capital boost helped the company meet new Central Bank solvency guidelines that came into force at the start of this year and will shore the business up against ongoing losses. It follows a €25 million transfer from Boston-based Liberty Mutual in 2014.

Liberty has been shipping losses in Ireland since it was ...