August 15, 2017 / 8:52 PM / 2 years ago

BRIEF-Employers Holdings Inc's unit Employers Group enters into a stock purchase agreement

Aug 15 (Reuters) - Employers Holdings Inc:

* Employers Holdings Inc - on August 11, 2017, Employers Group, incand unit of Employers Holdings Inc entered into a stock purchase agreement

* Employers Holdings Inc says stock purchase agreement with partner reinsurance company of U.S., a New York corporation

* Employers Holdings-stock agreement with respect to acquisition of all outstanding shares of capital stock of partnerre insurance company of New York

* Employers Holdings says ‍purchase price is equal to sum of amount of statutory capital and surplus of prny at closing plus $5.8 million

* Employers Holdings Inc - company expects to fund acquisition with cash on hand

* Employers Holdings Inc - ‍company will not be acquiring any employees or ongoing business operations pursuant to deal​ Source text for Eikon: Further company coverage:

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