AIG to acquire Glatfelter Insurance Group
The deal, expected to close in the fourth quarter of 2018, matches one of the region's largest insurance brokerages with an international powerhouse.
Founded in 1919, AIG sells insurance and other financial products around the world.
Glatfelter Insuranceis among the largest privately owned insurance brokerages in the
It was founded in 1951 by the late
The company, currently led by CEO
After the deal closes, Campisi will report to
The deal is subject to customary closing conditions, including regulatory approvals.Terms of the agreement were not disclosed.
"We have been doing program business with AIG for 40 years and have developed a very special relationship based on mutual trust and a strong underwriting culture. We consider the leadership at AIG to be among the most talented in the insurance industry," Campisisaid in a statement.
Based in
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