Liberty ups stake in Indian venture

Global carrier Liberty Mutual has increased its stake in Indian
non-life joint venture Liberty Videocon General Insurance to the
permitted maximum of 49 percent.
Liberty Videocon was established in 2013 and provides personal
lines motor, health, home and personal accident coverage.
The carrier is a joint venture between Liberty Mutual and Indian
conglomerate Videocon, which primarily manufactures consumer
electronics and home appliances.
The move followsa change in the law in February that raise