Zurich Insurance Group AG agreed to buy of MetLife Inc.’s U.S. property and casualty business in a $3.94 billion cash transaction, extending its reach in the world’s largest economy. Zurich’s subsidiary Farmers Group Inc. and Farmers Exchanges, which the insurer manages, will fund the purchase jointly, the Swiss company said in a statement on Friday.… Continue reading Zurich Insurance Acquires MetLife’s P&C Unit for Nearly $4 Billion
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Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Sources
Switzerland’s Zurich Insurance Group AG is in advanced talks to acquire MetLife Inc’s U.S. property and casualty (P&C) car and home insurance unit for close to $4 billion, according to people familiar with the matter. The deal, executed through its Farmers Group Inc subsidiary, would expand Zurich Insurance’s P&C business, as the industry grapples with… Continue reading Zurich Insurance Nears $4 Billion Deal for MetLife Unit: Sources