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Article: Farmers Insurance Acquisition of 21st Century Insurance Finalized.
- Article from:
- PR Newswire
- Article date:
- July 1, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES, July 1 /PRNewswire/ -- The Farmers Insurance Group of Companies(R) announced today that it has completed the acquisition of 100 percent of AIG's U.S. Personal Auto Group, which includes 21st Century Insurance. In addition to 21st Century Insurance, the acquisition includes the former AIG Direct business and Agency Auto business. The purchase price amounts to approximately $1.9 billion.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080605/LATH062)
Under the agreement, AIG's U.S. personal auto insurance business is being sold to Farmers Group, Inc., a Los Angeles-based subsidiary of Zurich Financial Services Group. Farmers Group, Inc. will ...
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