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Zurich and Farmers Agree to Buy MetLife's U.S. P/C Business for $3.94 Billion

Zurich Insurance and Farmers Exchanges have agreed to buy MetLife's U.S. property and casualty business for $3.94 billion, the insurers said on Friday, after the COVID-19 pandemic made motor and home insurers more profitable.

Motor and home insurers have had a windfall as government lockdowns to curb the spread of infection have reduced the number of claims for road accidents and burglaries.
 
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