Andre Alarcon, Laura Pelegrini;

Demarest advised Zurich on the acquisition of AIG

Demarest acted as Brazilian counsel to Zurich Insurance Group/Cover-More on the acquisition of the global travel insurance and assistance business of American International Group (AIG), including Travel Guard.

With the completion of the acquisition, Zurich becomes a leading global travel insurer, serving more than 20 million customers and 200 distribution partners around the world.

This acquisition expands Zurich’s footprint in a global market worth about USD 20 billion in gross written premiums and significantly strengthens its presence in the U.S. market.

The transaction value was USD 600 million.

Demarest relied on partners Andre Alarcon, Laura Pelegrini; associates Joao Godoy.

Skadden also participated at this deal.

Amanda

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