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AIG sells 21st Century Insurance

01 July 2009

American International Group (AIG) announced today that it has closed the sale of 21st Century Insurance Group to Farmers Group for $1.9bn.

Read more: [AIG Farmers 21st Century Edward Liddy]

American International Group (AIG) announced today that it has closed the sale of 21st Century Insurance Group to Farmers Group for $1.9bn.The...


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How big would insured catastrophe losses this hurricane season have to be to move reinsurance pricing up?

$0-15bn
7%
$15bn-$30bn
12%
$30bn-$50bn
38%
$50bn-$75bn
31%
$75bn-$100bn
7%
>$100bn
5%

Quote

CEOs won’t move prices until they see blood in the street and have the concern that some of it might be theirs.

Tom Bolt, director of underwriting performance at Lloyd’s of London