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Zurich completes acquisition of AIG's travel insurance business to become a global industry leader

RECENTLY ACQUIREDDec 03, 2024

Acquiring Company

Zurich Insurance

Acquired Company

American International Group

New YorkInsuranceInsurance

Description

Zurich has successfully completed the acquisition of AIG's travel insurance and assistance business, solidifying its position as one of the largest global players in the sector. With the integration of the Travel Guard brand into its subsidiary Cover-More, Zurich is poised to strengthen its market presence, particularly in the United States.

Quick answer

Zurich Insurance is acquiring American International Group, announced December 3, 2024.

How much did Zurich Insurance pay for American International Group?
The deal value was not disclosed.
What does Zurich Insurance do?
Zurich North America is one of the largest providers of insurance solutions and services to businesses and individuals.
Where are Zurich Insurance and American International Group based?
American International Group is based in New York, New York, United States.
Who are the decision-makers at Zurich Insurance?
Fundz holds 3 contacts at Zurich Insurance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Insurance and Insurance

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Zurich Insurance

Location

2 Mythenquai

About

Zurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology. Zurich North America is part of Zurich Insurance Group (Zurich), a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose to "create a brighter future together," Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil. The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at http://www.zurich.com/ and http://www.zurichna.com/. In the United States, Zurich Resilience Solutions' services are provided by The Zurich Services Corporation and SpearTip, LLC. For more information about the products and services Zurich Resilience Solutions offers in the United States, go to www.zurichna.com/risk. Visit us on social media: LinkedIn and Twitter SOURCE Zurich North America

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Frequently asked

Who acquired American International Group?

American International Group was acquired by Zurich Insurance. The deal was reported on December 3, 2024. Zurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology. Zurich Insurance is privately held and operates in Insurance.

When did Zurich Insurance acquire American International Group?

Zurich Insurance's acquisition of American International Group was reported on December 3, 2024. Zurich has successfully completed the acquisition of AIG's travel insurance and assistance business, solidifying its position as one of the largest global players in the sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does American International Group do?

American International Group, Inc. (AIG) is a leading global insurance organization providing insurance solutions in approximately 70 countries and jurisdictions to help businesses and individuals protect their assets and manage risks. It is publicly traded (AIG), operating in Insurance, and is based in New York.

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