No. 7 Farmers to buy No. 18 MetLife's auto insurance business in $4B deal
Farmers announced Friday it had purchased MetLife’s auto and home insurance business. The nearly $4 billion deal involves both Farmers Group, that is owned by Zurich Insurance, and the Farmers Exchanges. The Farmers Exchanges are three reciprocal insurers of Farmers policyholders. Zurich owns the Farmers Group, which provides administrative support...