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AIG confirms sale of 21st Century to Zurich

AIG has confirmed the sale of 21st Century, its US auto insurance unit, to Zurich for $1.9bn.

Under the agreement, AIG will be selling 21st Century to Farmers, a subsidiary of Zurich. The deal will also see Farmers pick up 21st Century's debts of $100m.

Under the terms of the transaction, FGI

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