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26 June 2024 Insurance

AIG and Zurich in major M&A deal to create ~$2bn global travel brand

American International Group (AIG) has struck a deal to sell its global personal travel insurance and assistance business to Zurich Insurance Group, in a strategic move to reposition itself as a core global property and casualty player. Zurich expects the acquisition to result in combined annual gross written premiums of approximately $2 billion for an enlarged travel brand.

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