Boston-based Liberty Mutual Insurance is trying to cash out of real estate and private equity as the stock market’s past year of rallying presented the right prices.
The insurer is taking bids on about $1 billion of these assets, according to the Wall Street Journal — and Liberty isn’t the only player making this move. According to industry data reviewed by the Journal, private interest transactions “peaked” last year.
As of last September, Liberty managed a portfolio worth over $80 billion. [WSJ] — Erin Hudson