Zurich Financial Services Group subsidiary, Farmers Group, Inc, announced in April that it has agreed to acquire 21st Century Insurance (a rebranded company, currently an AIG subsidiary). With the incorporation of the 21st Century Insurance business, Farmers Group, Inc. will be positioned as the 3rd largest personal lines insurer in the United States.  In the words of Zurich’s Chief Executive Officer, James J. Schiro, “Now, in addition to a powerful and productive agency force, the Farmers family will also have one of the most successful direct distribution platforms within one of the fastest growing distribution channels in the U.S.” 

The following are facts about Farmers Group, Inc.:

• Founded in 1928.
• Headquartered in Los Angeles, CA.
• Reportedly one the most recognized and fastest growing insurance brands.
• 3rd largest personal lines insurer in the United States with over $15 billion in premium.
• Subsidiary of Zurich Financial Services Group with a worldwide network of subsidiaries in 150 countries. 

The completion of the sale to Farmers Group, Inc. is expected to close by no later than the third quarter of 2009, pending regulatory approvals.