NU Online News Service, Sept. 8, 1:36 p.m. EST
ACE Ltd. says it is buying Penn Millers Holding Corp. for $107 million in cash to complement its current agricultural-market presence.
Wilkes-Barre, Pa.-based specialty insurer Penn Millers Insurance Co. operates in 34 states and provides insurance through subsidiary Penn Millers to companies that manufacture, process and distribute agricultural products.
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