American International Group, a provider of insurance and financial services, has announced that one of its subsidiaries has completed the acquisition of Wurttembergische und Badische Versicherungs, its major subsidiary DARAG Deutsche Versicherungs und Ruckversicherungs and other minor subsidiaries from entities associated with J.C. Flowers&Co.
The German company will continue to operate as Wuba, offering property and casualty, marine, personal lines and accident & health insurance through brokers across the country.