Zurich to buy AIG’s personal travel business for $600 million

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As part of the acquisition, Zurich will add AIG Travel’s Travel Guard brand to its Cover-More model and acquire AIG Travel’s global service centers, excluding Japan and AIG’s joint venture arrangement in India. Travel coverages offered through AIG’s Accident & Health business are also excluded from this agreement.

“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, bolstered by strong relationships with some of the world’s largest airlines, online travel agencies and credit card providers. I am confident that Travel Guard will continue its growth and success being part of Zurich Insurance Group. Our AIG colleagues will work closely with Zurich to ensure a seamless transition for employees, customers and our global distribution partners.” – Peter Zaffino, Chairman and Chief Executive Officer of
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