Zurich Insurance nears $4 billion deal for MetLife unit

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Sun, 2020-11-22 01:21

NEW YORK: Switzerland’s Zurich Insurance Group is in advanced talks to acquire MetLife Inc’s US property and casualty (P&C) car and home insurance unit for close to $4 billion, according to close sources.

Zurich Insurance issued a statement late on Friday confirming it was in discussions to acquire MetLife’s US property and casualty business and cautioning that no deal was certain. It did not comment on the value of the deal.

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