AIG to Sell its Global Personal Travel Insurance and Assistance Business including Travel Guard® to Zurich [Yahoo! Finance]
American International Group, Inc. New (AIG)
Last american international group, inc. new earnings: 2/13 06:45 am
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Source: Yahoo! Finance
NEW YORK, June 26, 2024 BUSINESS WIRE )--American International Group, Inc. (NYSE: AIG) today announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The agreement includes the Travel Guard business and its servicing capabilities, excluding Japan and our AIG joint venture arrangement in India. Travel coverages offered through AIG's Accident & Health business are also excluded from this agreement. The sale is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approvals. Peter Zaffino, Chairman and Chief Executive Officer of AIG commented: "Today's announcement is another important strategic step in positioning AIG for the future. I am proud of the work our team has done to establish Travel Guard as a premier provider of personal travel insurance globally, bolster
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- American International Group, Inc. (NYSE: AIG) had its price target lowered by analysts at Evercore ISI from $81.00 to $78.00. They now have an "in-line" rating on the stock.MarketBeat
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AIG
Earnings
- 5/1/24 - Beat
AIG
Sec Filings
- 6/27/24 - Form DEF
- 6/27/24 - Form DEF
- 6/27/24 - Form DEF
- AIG's page on the SEC website