Swiss insurer Zurich Insurance Group AG said it would acquire MetLife Inc.’s car and home insurance business for $3.94 billion in cash, a move that will substantially boost the size of its Farmers business in the U.S. The deal reflects a push by big car insurers to gain more scale […]
Zurich
MetLife to Sell Home-Insurance Unit to Zurich for $4 Billion
Swiss insurer Zurich Insurance ZURVY 0.57% Group AG will acquire MetLife Inc.’s MET -0.19% U.S. property and casualty insurance business for $3.94 billion, the companies said Friday, the latest in a string of deals in the sector during the coronavirus pandemic. Zurich, through its subsidiary Farmers Group Inc., will contribute […]