Switzerland-based Zurich Financial Services Group has confirmed that its Farmers Group subsidiary has finalized the 100% acquisition of US non-standard auto insurer Bristol West Holdings, after receiving all the necessary regulatory approvals.The transaction, which represents an equity value of $713.5 million, will result in the delisting of Bristol West Holdings from the New York Stock Exchange. Following the completion of the transaction, Farmers Group (FGI) has immediately sold the underlying insurance business to the Farmers Exchange, which FGI manages, but does not own, for $370 million.....
CarInsurance.com licenses car insurance news content from Yellowbrix, Inc. We are unable to display this entire news item because this article's licensing expires after a certain amount of time. This article was originally published by Datamonitor and it may be available at their website. See other car insurance news.
Car Insurance News: Zurich Completes Purchase of Bristol West Holdings...Get an auto insurance quote!