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LMG Insurance
LMG Insurance: Chubb acquired the Thai general insurer from Liberty Mutual for $321M in 2025, folding its Bangkok book into Chubb's Asia-Pacific platform.
Overview
LMG Insurance is a Bangkok-based insurance company with approximately $315.23 million in assets, primarily focused on the Asia region.
General information
Firm type
Insurance
Year founded
2026
Location
Region
Asia
Country
Thailand
City
Bangkok
Corporate office
2 Soi Sukhumvit 23, Sukhumvit Road, Klongtoey Nua, Wattana, Bangkok 10110, Thailand
Principals
Potjanee Thanavaranit
Independent Director
Nintira Sophonpanich
Independent Director
John Fu
Former President and CEO
Sector focus
Frequently asked questions
Who owns LMG Insurance now?
Chubb Limited acquired LMG Insurance from Liberty Mutual Group in April 2025 for $321 million. LMG now operates as a Chubb subsidiary within its Asia-Pacific general insurance portfolio. The transaction closed in early 2025 and repositioned the firm under new governance and capital.
What does LMG Insurance underwrite in Thailand?
LMG is a general insurer in Thailand, though its specific product-line breakdown is not publicly detailed. The firm maintains a partnership with April Thailand to issue policies under the April brand. Its distribution strategy includes an Affinity Program with AMCHAM Thailand, offering insurance products to chamber members.
Why did Liberty Mutual sell LMG Insurance?
Liberty Mutual divested LMG as part of a broader portfolio rationalization, with the $321 million sale to Chubb closing in April 2025. The transaction transferred LMG's Thai general insurance book and its Bangkok-based operations entirely to Chubb. Chubb, in turn, gained an existing underwriting platform rather than building one from scratch in Thailand.
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