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Everest Re Signs Letter of Intent to Acquire Heartland Crop Insurance

Posted on 16 Dec 2010

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Everest Re Group, a reinsurance and insurance underwriter operating in the US, Bermuda and international markets, said Wednesday it has signed a letter of intent to acquire Kansas-based crop insurance provider Heartland Crop Insurance.

In a statement, Everest said that there is no certainty whether a definitive agreement will be reached. The company added that if such an agreement is sealed, the acquisition will be executed either by itself or by one of its affiliates. No further details were disclosed.