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Everest Re Completes Acquisition Of Heartland

Everest Re Group has completed its earlier-announced acquisition of Topeka, Kan.-based managing general agency Heartland Crop Insurance for $55 million plus the agreed upon value of the net assets of Heartland.

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NU Online News Service, Jan. 4, 3:52 p.m. EST

Everest Re Group has completed its earlier-announced acquisition of Topeka, Kan.-based managing general agency Heartland Crop Insurance for $55 million plus the agreed upon value of the net assets of Heartland.

The deal also includes an additional contingency of up to $13.5 million based on future performance, Hamilton, Bermuda-based Everest Re said.

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