RenaissanceRe Holdings Ltd. reported an agreement to acquire the assets of Agro National, a managing general underwriter of crop insurance offering products and services to the agricultural community. Terms were not disclosed.
Agro National will become part of the Glencoe Group, which conducts the Individual Risk business of RenaissanceRe. Glencoe Group is a writer of program business through admitted and non-admitted carriers and has partnered with Agro National over the past four years to write multi-peril crop insurance policies in the Federal Crop Insurance Program.
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