Zurich Insurance Group (Zurich) announced today that its subsidiary Zurich American Insurance Company (ZAIC) has entered into an agreement with Wells Fargo & Company (Wells Fargo) under which it will acquire 100% of Rural Community Insurance Agency, Inc. (RCIA) and its subsidiary Rural Community Insurance Company (RCIC). The two are collectively known as Rural Community Insurance Services (RCIS) – a leading provider of agricultural insurance in the US, recording c.$2.1bn in gross wr
18 Dec 2015
Zurich acquires risky US agriculture business
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Zurich acquires risky US agriculture business
Zurich Insurance Group Ltd (0QP2:LON) | 0 0 0.1% | Mkt Cap: 46,293m
- Published:
18 Dec 2015 -
Author:
Dieter Hein - Pages:
Zurich Insurance Group (Zurich) announced today that its subsidiary Zurich American Insurance Company (ZAIC) has entered into an agreement with Wells Fargo & Company (Wells Fargo) under which it will acquire 100% of Rural Community Insurance Agency, Inc. (RCIA) and its subsidiary Rural Community Insurance Company (RCIC). The two are collectively known as Rural Community Insurance Services (RCIS) – a leading provider of agricultural insurance in the US, recording c.$2.1bn in gross wr