The Bermuda-based Everest Re Group announced that it has entered into discussions with Heartland Crop Insurance, Inc. regarding a potential acquisition of the Kansas-based company by Everest Reinsurance Holdings, Inc. or one of its affiliates.
Everest Re said the “parties have entered into a non-binding letter of intent.”
The bulletin also stated that the potential transaction “remains subject to negotiation and execution of definitive agreements, and there can be no assurance that a definitive agreement will be entered into or that the discussions will result in a transaction.”
Everest Re added that it would “provide further details once a definitive agreement is reached or upon consummation of the proposed transaction.”
Source: Everest Re
Was this article valuable?
Here are more articles you may enjoy.
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
