Liberty Mutual plans to divest Latin America operations

U.S.-based insurer Liberty Mutual Holding Company Inc. is reportedly planning to divest its operations in Latin American markets, a transaction that could fetch the insurer around $1 billion, Verdict reported citing Bloomberg. Liberty Mutual is looking to sell businesses in Brazil, Chile, Colombia, and Ecuador and is said to be working with JPMorgan Chase & Co. on the potential sale, which is part of its plan to exit non-core operations.