Munich Re subsidiary Munich Re America said it has entered a definitive merger agreement with stop-loss insurer Cairnstone Inc. via its operating division Munich Re America Healthcare.
MUNICH RE Munich Re AG, in German Münchener Rück AG (ISIN: DE0008430026), is the world's second largest reinsurance company with over 5,000 customers in 160 countries and has its headquarters in Munich, Germany. subsidiary MUNICH RE AMERICA said it has entered a
definitive merger agreement with stop-loss insurer CAIRNSTONE ING. via
its operating division MUNICH RE AMERICA HEALTHCARE. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Munich
Re, Cairnstone has been in the stop-loss area of the market since it was
founded in 1996 and currently manages more than $80 million of employer
stop-loss business. The reinsurer re·in·sure
tr.v. re·in·sured, re·in·sur·ing, re·in·sures
To insure again, especially by transferring all or part of the risk in a contract to a new contract with another insurance company. said it expects the transaction to
close in September.
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