Everest Re in talks to buy crop insurer
Created: Dec 16, 2010 12:00 AM (Updated: Dec 16, 2010 07:17 AM)
Bermuda-based reinsurer Everest Re Group Ltd has announced that it has entered into discussions with Heartland Crop Insurance Inc about the potential acquisition of the Kansas-based company by Everest Reinsurance Holdings Inc, or one of its affiliates.The parties have entered into a non-binding letter of intent.Everest Re Group Ltd. will provide further details once a definitive agreement is reached or upon consummation of the proposed transaction.