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

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.
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