Zurich and Farmers Exchanges complete Metlife US P&C acquisition

Farmers Exchanges and Zurich Insurance subsidiary Farmers Group have completed their acquisition of Metlife’s US P&C business for $3.94bn. The deal, which was first announced in December, saw Zurich pay $2.43bn through Farmers Group, with Farmers Exchanges paying $1.51bn. Although Zurich has no ownership of Farmers Exchanges, Farmers Group provides non-claims and ancillary services to the latter firm for a…

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