The Farmers Exchanges and Farmers Group, Inc. (FGI) announced they have jointly completed the previously announced acquisition of MetLife’s property and casualty business for a purchase price of $3.94 billion as of April 7, assuming responsibility for 2.4 million policies in force. The closure provides the Farmers brand significant opportunity to expand its customer reach with […]
Farmers Acquires MetLife Auto & Home
The Farmers Exchanges and Farmers Group, Inc. (FGI) announced they will jointly acquire MetLife’s property and casualty insurance business. Zurich confirmed in November that its Farmers’ subsidiary was in negotiations with MetLife. Completion of the transaction is subject to regulatory approvals and is anticipated to occur in the second quarter of 2021. As part of […]
Farmers Group in Talks to Acquire MetLife’s U.S. Property-Casualty Business
Zurich confirms reports its U.S. subsidiary is exploring acquisition of 16th largest auto insurer in the U.S. Zurich Insurance Group announced its U.S.-based subsidiary Farmers Group, Inc. is in talks with Metlife over a possible acquisition of MetLife’s U.S. property and casualty insurance business. The announcement came after reports regarding a potential transaction with MetLife […]