MetLife to Sell Car and Home Insurance Unit to Zurich for Nearly $4 Billion
By Leslie Scism and Julie Steinberg | The Wall Street Journal | December 11, 2020
Deal comes as insurers face need for scale in advertising, and technology drives changes in how they do business
Swiss insurer Zurich Insurance ZURVY -2.51% Group AG said it would acquire MetLife Inc.’s MET -0.76% car and home insurance business for $3.94 billion in cash, a move that will substantially boost the size of its Farmers business in the U.S.Read More »MetLife to Sell Car and Home Insurance Unit to Zurich for Nearly $4 Billion