In 1993 it was bought by Zurich Insurance, although MMI itself continues to pay all its outstanding liabilities.

In 1925 he was the representative office of Zurich Insurance held.

News of the agreement with Zurich Insurance caused the price of Home stock to rise 18 percent, closing at $9.75, up $1.50.

To renew the coverage for Dr. Schulze's group this year, Zurich Insurance asked for a nearly 90 percent increase in premiums to $382,984.

Zurich Insurance, one of the world's largest companies in its field, expects to gain expertise from Kemper in the mutual fund and life insurance businesses.

"We consider them to be high risk," said David J. Jung, a vice president of Zurich Insurance, referring to hospitals and hotels.

The acquisition still leaves 2,250 acres in the hands of the Sterling Forest company, which is controlled by Zurich Insurance, a Swiss company.

Zurich Insurance, based in Switzerland now owns a majority of Centre Reinsurance.

They are all target markets for Zurich Insurance, Switzerland's biggest insurer and among the world's largest.

But Home set aside Mr. Byrne's offer in favor of a later offer by Zurich Insurance.