Closes Acquisition of AIG's U.S. Personal Auto Division
July 2, 2009
Zurich Financial Services Group announced yesterday that its subsidiary,
Farmers Group Inc., has completed the acquisition of 100 percent
of AIG's U.S. Personal Auto Group, which includes "21st Century
Insurance" (comprising the former "AIG Direct" and
"21st Century Insurance"), as well as AIG's "Agency
The price of the purchase was approximately $1.9 billion.
Originally announced on April 16, 2009, the sale affects AIG's
personal auto lines in companies located in the following nine states:
California, Colorado, Delaware, Hawaii, Minnesota, New Jersey, New
York, Pennsylvania and Texas, according to the National Association
of Insurance Commissioners (NAIC).
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