Zurich in Talks to Buy MetLife’s U.S. Home, Car Insurance Unit
- Terms subject to negotiation and no deal set yet, Zurich says
- Talks come after Allstate’s $4 billion National General deal
This article is for subscribers only.
Zurich Insurance Group AG said it’s in talks to buy MetLife Inc.’s U.S. property and casualty unit, which offers coverage for homes and automobiles.
“Zurich subsidiary, Farmers Group Inc., is proposing to acquire the business in conjunction with the Farmers Exchanges,” the Swiss insurer said Friday in a statement. “The terms of any transaction are subject to negotiations and there can be no assurance that a transaction will take place.”