Edition:
India

Cincinnati Financial Signs Agreement To Acquire Msp Underwriting Limited From Munich Re


Friday, 12 Oct 2018 

Oct 12 (Reuters) - Cincinnati Financial Corp ::CINCINNATI FINANCIAL SIGNS AGREEMENT TO ACQUIRE MSP UNDERWRITING LIMITED FROM MUNICH RE.CINCINNATI FINANCIAL CORP - TO ACQUIRE MSP UNDERWRITING LIMITED IN AN ALL-CASH TRANSACTION FOR £102 MILLION.CINCINNATI FINANCIAL CORP - CINCINNATI EXPECTS ACQUISITION TO GENERATE AN ATTRACTIVE RETURN OVER TIME..CINCINNATI FINANCIAL CORP - MSP UNDERWRITING WILL CONTINUE TO OPERATE UNDER OWN BRAND AND WITH EXISTING LEADERSHIP TEAM.CINCINNATI FINANCIAL CORP - EXPECTS ACQUISITION TO BE ACCRETIVE TO 2019 NET INCOME.CINCINNATI FINANCIAL- IMPACT OF DEAL ON CO'S 2019 & 2020 RESULTS TO DEPEND ON VALUATION OF INTANGIBLE ASSETS, TRANSACTION COSTS, OTHERS.