Zurich Insurance to acquire AIG’s travel insurance and assistance business ...Middle East

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Zurich Insurance to acquire AIG’s travel insurance and assistance business
Zurich Insurance has signed a definitive agreement with American International Group (AIG) to acquire its personal travel insurance and assistance business. The transaction is valued at 600 million USD, with a possible earn-out payment. v The acquisition includes the entire Travel Guard portfolio (excluding Japan and India). Travel coverage provided by AIG’s Accident & Health business is not part of the agreement.v The acquired activities will be combined with those of Cover-More Group, an Australian provider of travel insurance solutions and a member of Zurich Insurance. Pending regulatory approval, the transaction is expected to be finalized by the end of 2024. The post Zurich Insuranc

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