Zurich and Farmers Exchanges to buy MetLife's US property and casualty business

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Zurich Insurance Group subsidiary Farmers Group has agreed to acquire MetLife's property and casualty (P&C) business in the US together with the Farmers Exchanges for $3.94bn. Zurich said it will contribute $2.43bn through FGI and the Farmers Exchanges $1.51bn. The transaction gives the Farmers Exchanges1 a truly nationwide presence and access to new distribution channels with the potential to accelerate growth. This includes a 10-year exclusive distribution agreement through which the ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.