Article content (Bloomberg) — Zurich Insurance Group AG agreed to buy of 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. Zurich’s subsidiary Farmers Group Inc. and Farmers Exchanges, which the insurer manages, will fund the purchase jointly, the Swiss company said in a statement on Friday. We apologize, but this video has failed to load. Try refreshing your browser, or Zurich Insurance to Buy MetLife's P&C Unit for $4 Billion Back to video Zurich will gain a nationwide presence in the U.S. and access to MetLife’s distribution channels to 3,800 companies for 10 years, the company said. That may help boost revenue at the unit, where gross written premiums declined 3% to $15.3 billion in the third quarter.