By Chris Reidy, Globe Staff <\/p>\n
Boston-based Liberty Mutual Insurance Group said Tuesday said that a company joint venture has gotten a license to sell insurance products in India. <\/p>\n
The company said that Liberty Videocon General Insurance Co. Ltd., a joint venture between Liberty Mutual and Videocon Industries Ltd., has received the necessary license from Indias insurance regulatory authority to commence operations. The parties entered into the joint venture agreement in December 2010. <\/p>\n
Liberty Mutual does much of its business outside the United States. The companys international business operations sells insurance products to individuals and businesses in such countries as Turkey, Ireland, Russia, Brazil, Argentina, Thailand, and China. <\/p>\n
In a statement, Liberty Mutual president and chief executive David Long said, Indias rapidly growing economy and personal income levels mean more and more Indians will be buying insurance to protect their property and possessions. <\/p>\n<\/p>\n
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Liberty Mutual joint venture gets OK to sell insurance in India<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" By Chris Reidy, Globe Staff Boston-based Liberty Mutual Insurance Group said Tuesday said that a company joint venture has gotten a license to sell insurance products in India. The company said that Liberty Videocon General Insurance Co. Ltd., a joint venture between Liberty Mutual and Videocon Industries Ltd., has received the necessary license from Indias insurance regulatory authority to commence operations. Continue reading