Zurich, Farmers to buy MetLife U.S. motor, home insurance business for $3.94 billion
By Silke Koltrowitz and Carolyn Cohn
ZURICH/LONDON (Reuters) – Zurich Insurance and Farmers Exchanges have agreed to buy MetLife’s U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home insurers more profitable.
The sector has had a windfall as