Everest Re Group in Discussion to Acquire Heartland Crop Insurance

Everest Re Group, Ltd. RE announced today that it has entered into discussions with Heartland Crop Insurance, Inc. regarding a potential acquisition of the Kansas-based company by Everest Reinsurance Holdings, Inc. or one of its affiliates. The parties have entered into a non-binding letter of intent. The potential transaction remains subject to negotiation and execution of definitive agreements, and there can be no assurance that a definitive agreement will be entered into or that the discussions will result in a transaction. Everest Re Group, Ltd. will provide further details once a definitive agreement is reached or upon consummation of the proposed transaction.