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J.C. Flowers & Co. to sell Württembergische und Badische Versicherungs-AG to AIG14/08/2007. Source: AltAssets. 
 American International Group has agreed to acquire German insurance company Württembergische und Badische Versicherungs-AG (Wüba), its major subsidiary DARAG Deutsche Versicherungs- und Rückversicherungs-AG (DARAG) and other subsidiaries from J.C. Flowers & Co.
Terms of the agreement have not been disclosed.
AIG president and CEO Martin J Sullivan said, 'The transaction both reaffirms AIG's commitment to growing in the German marketplace and greatly enhances our insurance offerings to small and medium sized companies.'
Wüba, based in Heilbronn, offers property and casualty, marine, personal lines, and accident and health insurance through its 2,500 broker relationships across Germany.
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