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Zurich to buy MetLife US property and casualty business for US$3.94 billion

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Zurich Insurance said its subsidiary Farmers Group and Farmers Exchanges had agreed to acquire MetLife's property and casualty business in the U.S.

FILE PHOTO: The logo of Zurich Insurance is seen in Davos, Switzerland, January 20, 2020.

Arnd WiegmannThe transaction will give Farmers Exchanges nationwide presence and access to new distribution channels and is expected to support the delivery of Zurich's growth targets for 2022, the Swiss insurer said in a statement on Friday.

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