US0268747849 - Common Stock
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American International (AIG) is expected to benefit from rising premiums in the General Insurance business, improving investment income, enhanced savings from AIG Next, and streamlining initiatives.
AIG's definitive agreement to sell its global personal travel insurance business to Zurich is expected to free up capital.
ZURICH (Reuters) -Zurich Insurance on Wednesday announced a $600 million deal to buy AIG's global personal travel insurance and assistance business. The business will be combined with Zurich's travel insurance provider Cover-More Group (Cover-More) and will expand its footprint in the United States, Zurich said. The acquisition, which is expected to close before the end of 2024, will result in combined annual gross written premiums of approximately $2 billion for the enlarged Cover-More Group.
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Explore the top under-$10 stocks that may yield massive returns with their leads in heavy electrical equipment and multi-line insurance.
AIG revealed the pricing for the secondary offering for CRBG common stock at $29.20 per share.