Commercial insurer Ace Ltd. (ACE -0.1%) buys Penn Millers Holding (PMIC +23.4%) for $107M in...

|About: ACE Limited (ACE)|By:, SA News Editor

Commercial insurer Ace Ltd. (ACE -0.1%) buys Penn Millers Holding (PMIC +23.4%) for $107M in cash, in an effort to expand its presence in the U.S. agribusiness market.