AIG Agrees to Sell Certain Latin America, Central and Eastern Europe Operations to Fairfax Financial; Enters into Strategic Partnership with Fairfax…
AIG Agrees to Sell Certain Latin America, Central and Eastern Europe Operations to
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As part of these agreements, AIG will sell to Fairfax its local commercial and consumer insurance operations in
Fairfax will become the main strategic multinational network partner that will serve AIG's global clients in these countries, backed by AIG's expertise, claims handling, and reinsurance capabilities.
The divestiture furthers AIG's strategic goal of focusing its geographic footprint and investment in major economies that offer the greatest potential for profitable growth and the opportunity for AIG's commercial or consumer insurance divisions to achieve and maintain scale. At the same time, AIG is committed to maintaining and enhancing multinational capabilities for individuals and companies that operate globally.
"This partnership marks a significant step forward in achieving the strategic priorities of AIG, as well as Fairfax," said
"We are very excited to partner with AIG and to have the LATAM group of companies and operations in CEE and
Keywords for this news article include: Financial Companies, Property and Casualty Insurance Companies.
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