American International Group Inc. said it has entered into an agreement to acquire a German insurer from the owners of the nation’s largest wholesale broker. Terms of the deal were not released.

The New York-based carrier said one of its subsidiaries intends to acquire W?rttembergische und Badische Versicherungs-AG (W?ba) and its major subsidiary DARAG Deutsche Versicherungs-und R?ckversicherungs-AG (DARAG) as well as other minor subsidiaries from entities associated with J.C. Flowers & Co., LLC.

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