M&A Deal Summary

Everest Acquires Heartland Crop Insurance

On January 3, 2011, Everest acquired insurance company Heartland Crop Insurance for 55M USD

Acquisition Highlights
  • This is Everest’s 2nd transaction in the Insurance sector.
  • This is Everest’s largest (disclosed) transaction.
  • This is Everest’s 2nd transaction in the United States.
  • This is Everest’s 1st transaction in Kansas.

M&A Deal Summary
Date 2011-01-03
Target Heartland Crop Insurance
Sector Insurance
Buyer(s) Everest
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Heartland Crop Insurance

Topeka, Kansas, United States
Heartland Crop Insurance, Inc., is a specialty underwriter of crop insurance, offering comprehensive multi peril crop and crop-hail insurance products through its broad distribution network.

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Buyer(S) 1

Buyer

Everest

Hamilton, Bermuda
Category Company
Founded 1973
Sector Insurance
Employees1,746
Revenue 9.5B USD (2020)
DESCRIPTION

Everest a provider in property and casualty reinsurance and insurance, offering innovative products, responsive service and unsurpassed financial strength. Everest Re Group was founded in 1973 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector (Insurance) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Kansas) 1 of 1
Country (United States) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Southeastern Security Insurance

Georgia, United States

Southeastern Security Insurance Co., a insurer underwriting non-standard automobile business.

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