AIG Closes Sale of its Global Personal Travel Insurance and Assistance Business including Travel Guard® to Zurich
December 03 2024 - 12:00AM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that it successfully closed the previously announced sale of its
global individual personal travel insurance and assistance
business, including Travel Guard, to Zurich Insurance Group on
December 2, 2024.
As disclosed upon the signing of the definitive agreement in
June 2024, the sale excludes Japan, AIG’s joint venture arrangement
in India, and travel coverages offered through AIG’s Group Accident
& Health business.
Evercore Group L.L.C. acted as financial advisor and Willkie
Farr & Gallagher LLP and Norton Rose Fulbright LLP acted as
legal counsel for AIG.
About AIG
American International Group, Inc. (NYSE: AIG) is a leading
global insurance organization. AIG provides insurance solutions
that help businesses and individuals in approximately 190 countries
and jurisdictions protect their assets and manage risks through AIG
operations and network partners. For additional information, visit
www.aig.com. This website with additional information about AIG has
been provided as a convenience, and the information contained on
such website is not incorporated by reference into this press
release.
AIG is the marketing name for the worldwide operations of
American International Group, Inc. All products and services are
written or provided by subsidiaries or affiliates of American
International Group, Inc. Products or services may not be available
in all countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
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version on businesswire.com: https://www.businesswire.com/news/home/20241202093973/en/
Quentin McMillan (Investors): quentin.mcmillan@aig.com Claire
Talcott (Media): claire.talcott@aig.com
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