Zurich Insurance to acquire AIG Travel for $600m to expand global presence in travel insurance

Zurich Insurance to acquire AIG Travel for $600m to expand global presence in travel insurance

Zurich Insurance Group has announced a significant expansion in the travel insurance sector with its acquisition of AIG’s global personal travel insurance and assistance business, AIG Travel, for USD 600 million. This deal also includes a potential additional earn-out payment and is set to merge AIG Travel with Zurich’s subsidiary, Cover-More Group, significantly enhancing Zurich’s […]