Zurich Acquires AIG Global Travel Insurance
Zurich Insurance on Wednesday announced a $600 million deal to buy AIG global personal travel insurance and assistance business. The business will be combined with Zurich's travel insurance provider Cover-More Group (Cover-More) and will expand its footprint in the United States.
The acquisition, which is expected to close before the end of 2024, will result in combined annual gross written premiums of approximately $2 billion for the enlarged Cover-More Group.
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