Zurich subsidiary strikes $3.94bn deal to buy MetLife’s P&C business

Zurich Insurance Group subsidiary Farmers Group (FGI) has struck a deal to acquire MetLife’s property and casualty (P&C) business in the US together with the Farmers Exchanges for $3.94 billion, in a move the Swiss insurer hopes will strengthen its ability to achieve its growth targets for 2022.

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Zurich, MetLife, Mergers & Acquisitions, Property and casualty, Insurance, Reinsurance, Jeff Dailey, North America

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