Russin & Vecchi acted as Vietnam counsel to Zurich Insurance Group in the acquisition of AIG’s global personal travel insurance business with the well-established Travel Guard brand. The business will be combined with Zurich’s existing Cover-More platform. The deal is worth US$600 million (not including potential additional earn-outs). The acquisition strategically enables Zurich to expand its footprint in more countries, and makes Zurich a leading travel insurer globally. Russin & Vecchi acted alongside with Skadden Arps and Clyde & Co, among other law firms, for the buy-side.

Russin & Vecchi’s team was led by Nguyen Huu Minh Nhut with Dao Hong Diu, Chu Bao Khanh and Le Ton Viet.