| Zurich Insurance acquires RCIS for $675 million plus excess capital | |
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ZURICH, Dec 18 (Reuters) - Zurich Insurance Group AG will buy agricultural insurance provider Rural Community Insurance Services from Wells Fargo for $675 million, the Swiss company said on Friday. Zurich will pay Wells Fargo around $675 million plus an estimated $375 million for excess capital at the date of closing. Rural Community Insurance Services had about $2.1 billion in gross written premiums in 2014, Zurich said. (Reporting by Brenna Hughes Neghaiwi, editing by John Miller)
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Wells Fargo is a exploration company based in United states of america. Wells Fargo is listed in United States of America. Its market capitalisation is US$ 299.4 billions as of today (€ 279.8 billions). Its stock quote reached its lowest recent point on July 03, 1997 at US$ 10.01, and its highest recent level on April 26, 2024 at US$ 59.91. Wells Fargo has 4 997 319 680 shares outstanding. |