Content area
Full Text
Zurich Insurance Group has reached an agreement to buy MetLife’s Metropolitan Property and Casualty Insurance busines in a $3.94 billion cash transaction, the companies said.
Zurich said the deal will give it nationwide presence in the U.S. and access to MetLife’s distribution channels to 3,800 companies for 10 years.
Zurich is making the acquisition through its wholly owned subsidiary Farmers Group.
“After this acquisition we will be in the top...