Munich Re To Acquire Midland For $1.3 Billion

He added, "Establishing and building on a leading position in niche segments of the U.S. primary insurance market is a significant aspect of our strategy for the U.S.A. within our changing gear progra

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Munich Re announced today that it is acquiring Cincinnati-based specialty insurer Midland Company for $1.3 billion.

The move follows the company’s recent announcement that it planned to make a strategic realignment of the company’s U.S. business.

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