Kranos Capital acquires Liberty operations

US private equity fund Kranos Capital has acquired the Argentine operations of insurer Liberty Mutual.

The acquisition, which represents Kranos Capital's first move into Argentina, forms part of a strategy by the fund to develop a network of financial companies in Latin America including insurance companies and financial services for individuals.

Kranos has said that the strategy will involve diversification of lines and product innovation.

The operations will operate under the brands Intégrity Seguros Argentina and Intégrity Reaseguros Argentina.