Insurance

Liberty considering selling its Irish insurance business as part of wider deal

US insurance giant Liberty Mutual is looking at offloading its entire European operations

Liberty Insurance Blanchardstown office. Picture: Rollingnews.ie

Liberty Mutual is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the region.

The US insurer is working with Bank of America on the possible divestments, which could fetch more than €1 billion, according to the people, who asked not to be identified because the discussions are private. The assets could attract interest from rival European insurers, the people ...