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Liberty considers selling its US$1 billion business in Latin America

US insurer Liberty Mutual is considering selling its Latin American business as part of plans to pull out of non-core markets, according to people with knowledge of the matter.

According to the people, who asked not to be identified, the possible sale, advised by JPMorgan, could bring in around US$1 billion. Assets would include operations in Brazil, Chile, Colombia and Ecuador.

Liberty may start selling in the coming weeks, the people said. Some of Liberty's . . .

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