Financial Services Industry
Industry: Email Alert RSS FeedMunich 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.(Reinsurance)(Munich Reinsurance Co.)(Brief article)
Best's Review, October, 2007
MUNICH RE 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 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 said it expects the transaction to close in September.
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