Zurich Insurance Acquires MetLife’s P&C Unit for Nearly $4 Billion

Former AIG execs form Dellwood Insurance Group

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