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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Car Insurance News: AIG Closes Sale of 21st Century Insurance to Farmers Group...Get an auto insurance quote!