BRIEF-AIG To Sell Its Global Individual Personal Travel Insurance And Assistance Business To Zurich Insurance Group For $600 Mln-February 2024-www.financetom.com

BRIEF-AIG To Sell Its Global Individual Personal Travel Insurance And Assistance Business To Zurich Insurance Group For $600 Mln

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-AIG To Sell Its Global Individual Personal Travel Insurance And Assistance Business To Zurich Insurance Group For $600 Mln

Jun 25, 2024 10:37 PM

June 26 (Reuters) - Aig:

* TO SELL ITS GLOBAL PERSONAL TRAVEL INSURANCE AND

ASSISTANCE

BUSINESS INCLUDING TRAVEL GUARD® TO ZURICH

* SELL ITS GLOBAL INDIVIDUAL PERSONAL TRAVEL INSURANCE AND

ASSISTANCE BUSINESS TO ZURICH INSURANCE GROUP FOR $600 MILLION

* AGREEMENT INCLUDES TRAVEL GUARD BUSINESS AND ITS SERVICING

CAPABILITIES, EXCLUDING JAPAN AND OUR AIG JOINT VENTURE

ARRANGEMENT IN INDIA

* CURRENT POLICYHOLDERS WILL CONTINUE TO BE COVERED WITH NO

DISRUPTION OR CHANGE TO THEIR SERVICE.

Source text for Eikon:

Further company coverage:

Previous page： Exclusive-T. Rowe, Columbia Threadneedle push back against some high-yield debt sponsors Next page： Judge dismisses Norfolk Southern bondholder lawsuit over 2023 Ohio derailment

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Exclusive-T. Rowe, Columbia Threadneedle push back against some high-yield debt sponsors

Feb 27, 2025

By Shankar Ramakrishnan (Reuters) - Asset managers T. Rowe Price ( TROW ) and Columbia Threadneedle are pushing back against private equity firms that pursued aggressive debt raises in a practice that hurt high-yield debt investors over the past two years. Portfolio managers at the two firms who oversee investments in high-yield debt told Reuters that they now either outright...

Judge dismisses Norfolk Southern bondholder lawsuit over 2023 Ohio derailment

Feb 27, 2025

NEW YORK, Feb 27 (Reuters) - A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern ( NSC ) of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the February 2023 derailment in East Palestine, Ohio of a train carrying hazardous chemicals. U.S. District Judge Lewis Kaplan in Manhattan found no...

Market Chatter: Chevron Eyes New Agreement to Export Venezuelan Oil to Non-US Destinations

Feb 27, 2025

02:23 PM EST, 02/27/2025 (MT Newswires) -- Chevron's ( CVX ) cancelled license to operate in Venezuela could result in a new agreement between the company and state-owned oil firm PDVSA to export crude to non-US destinations, Reuters reported Thursday, citing sources close to the talks. President Donald Trump said Wednesday that he was reversing Chevron's ( CVX ) license...

NovoCure Reports Wider Than Expected Q4 Loss Despite 21% Jump In Sales, Expects Product Enhancements To Hit Gross Margin In 2025

Feb 27, 2025

On Thursday, NovoCure Ltd ( NVCR ) reported a fourth-quarter loss of 61 cents, down from the 45-cent loss reported a year ago, missing the consensus loss of 34 cents. Sales increased 21% year over year to $161.27 million, beating the consensus of $157.81 million. The U.S., Germany, France and Japan contributed $107.2 million, $17.4 million, $15.7 million and $8.5...