Zurich Insurance acquires RCIS for $675 million plus excess capital
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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