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AIG Closes Sale of 21st Century Insurance to Farmers Group

Datamonitor Car Insurance
Published: Thursday, July 02, 2009 

American International Group, or AIG, has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG's US personal auto insurance business, to Farmers Group, a subsidiary of Zurich Financial Services, for $1.9 billion.Farmers Group also assumed 21st Century's outstanding debt of $100 million.The transaction excludes AIG's private client group, which provides property and casualty insurance to high-net-worth individuals.....

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