A financial analyst said Munich Re's deal to acquire Midland Company could spark renewed interest in acquisition of other U.S. insurers, with an advantage to foreign acquirers seeking to take advantage of the weak dollar.

Last week, Germany-based reinsurance company Munich Re announced a $1.3 billion deal to purchase Cincinnati-based specialty insurer Midland Company.

Munich Re said the deal would open doors to distribution channels in the United States that the company does not enjoy today. The company added that the purchase of Midland is part of its overall strategy to grow business in the United States.

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