Zurich Insurance : Zurich and Farmers acquire MetLife’s P&C activities in the US
>An attractive strategic deal - Zurich Insurance and its partner Farmers Exchanges (US mutual insurer) announced on Friday that it had signed an agreement to buy MetLife’s P&C insurance activities in the US for $ 3.94bn, of which $ 2.43bn to be paid by Zurich Insurance and $ 1.51bn by Farmers Exchanges. In the structuring of the operation, Zurich’s US subsidiary Farmers Group, Inc (FGI) is to acquire the activities concerned before selling them (except a very limited ...Zurich Insurance Group is a multi-line insurance company. Co. provides a range of general insurance and life insurance products and services, serving individuals, small businesses, and mid-sized and large companies, including multinational corporations, in more than 170 countries. Co.'s business segments include: General Insurance, which provides property and casualty insurance and services, risk insights; Global Life, which provides protection, savings and investment solutions; and Farmers, which provides management services related to property and casualty insurance.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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