Deals & Cases

AIG sells its run-off life insurance business in Switzerland and Liechtenstein

21 January 2021 – American International Group, Inc. (AIG), a leading American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions, completed on December 31, 2020 the sale of its run-off life insurance businesses in Switzerland and Liechtenstein by transferring its Swiss and Liechtenstein life insurance subsidiaries, AIG Life Insurance Company (Switzerland) Ltd., CH-Lugano and Amercian Security Life Insurance Company Ltd., FL-Vaduz, to Swiss InsurEvolution Partners, an insurance group with main offices in Pfäffikon (SZ), Switzerland.

Walder Wyss advised AIG on all legal aspects of this transaction. The team was led by Stefano Codoni (Partner, Corporate/M&A) and included Marco Galli (Managing Associate, Regulatory) and Valerio Caccia (Associate, Corporate/M&A).