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Zurich to spend up to £702m on US agricultural insurer

John Deere 8R Series Row Crop Tractor

Zurich's subsidiary, Zurich American Insurance Company, will buy US agricultural insurer Rural Community Insurance Services for up to $1.05bn (£702m) from Wells Fargo, which will strengthen its top five position in US commercial insurance.

RCIS is made up of Rural Community Insurance Company and Rural Community Insurance Agency which recorded approximately $2.1bn in gross written premiums in 2014.

The deal was announced almost three

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