Banners fly outside a Zurich Insurance Group AG building in Zurich, Switzerland. (Photo: Alessandro Della Bella/Bloomberg) Banners fly outside a Zurich Insurance Group AG building in Zurich, Switzerland. (Photo: Alessandro Della Bella/Bloomberg)

(Bloomberg) — Zurich Insurance Group AG agreed to buy MetLife Inc.'s U.S. property and casualty business in a $3.94 billion cash transaction, extending its reach in the world's largest economy.

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