23 November 2020Insurance

Zurich in talks to acquire MetLife’s US P&C business

Zurich Insurance Group is in talks to acquire the US property and casualty (P&C) business of New York-based insurer MetLife.

Zurich subsidiary Farmers Group is proposing to acquire the business in conjunction with the Farmers Exchanges.

The Switzerland-based insurer has confirmed media reports regarding a potential transaction with MetLife, but stated that there can be no assurance that a transaction will take place.

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

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7 December 2020 The deal with Zurich replaces Plum Underwriting's current capacity from Lloyd's.

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9 October 2020 The transaction seeks to expand its digital health and wellbeing offerings into new markets.

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