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American Family Mutual Acquiring Remaining Shares in Bowhead Specialty in $1.2 Billion Deal
Chair and Chief Executive Officer Bill Westrate said. "Bowhead's capabilities complement our strategy to diversify our commercial portfolio, broaden our product offerings, enhance ...
Source: BestWire   Date: August 3, 2026
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American Family Annual Net Income Rises as Underwriting Gain Multiplies to $2.6 Billion
American Family Insurance Group's annual net income rose to $3.18 billion from $2.53 billion a year earlier as the net underwriting gain multiplied four-fold to $2.6 billion. ...
Source: BestWire   Date: March 4, 2026
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American Family CEO: Accelerated Actions Boosted Financials; $2.48 Billion Annual Income Recorded
The combined ratio improved to 96.6 from 110.8. In 2023, the insurance group was the seventh-largest homeowners multiperil writer in the United States, with a 4.6% market share, ...
Source: BestWire   Date: March 5, 2025
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Sentry Insurance Group: Top Down and Bottom Up
September 2024, Frank said (BestWire, Sept. 12, 2024). Additionally, when the leadership team has an idea, it sometimes assembles a small group that will analyze the concept and ...
Source: BestWire   Date: February 10, 2025
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American Family Insurance: Evolutionary, Not Revolutionary
Tim Rowe, life operations director, American Family Life Insurance Co., said the company believes it creates innovation through its system of obtaining customer input and putting ...
Source: BestWire   Date: February 10, 2025
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Bold Penguin Taps 25-Year Industry Pro as Next CEO, President
Commercial lines distribution platform Bold Penguin Inc. named Peter Settel its next chief executive officer and president, a role to which he brings 25 years of property/casualty ...
Source: BestWire   Date: January 6, 2025
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Sentry Closes $1.7 Billion The General Acquisition, Increases Workforce Nearly 21%
Sentry said in a statement. It offers drivers greater flexibility and accessibility nationwide by combining Sentry brand Dairyland's independent agent network and The General's ...
Source: BestWire   Date: January 2, 2025
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AmFam Exits Some Large Habitational Lines, Sheds Some Missouri Staff
...Impacted employees in St. Joseph either elected separation packages including monetary, benefits and outplacement support, or were assigned other roles within our organization," ...
Source: BestWire   Date: October 18, 2024
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American Family Insurance Hiking Minimum Wage to $25 Hourly, Expanding Parental Leave
American Family in the 2020s. "We're always in competition for the best talent who can provide quality service to our customers," a spokesperson said. The company raised its ...
Source: BestWire   Date: September 19, 2024
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Sentry Agrees to $1.7 Billion Deal to Acquire American Family's The General
Executive Officer Pete McPartland. Along with Sentry's Dairyland brand, Sentry will improve its ability to meet more specialized driver needs, he said in a statement. The deal ...
Source: BestWire   Date: September 12, 2024
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Main Street America Exiting Personal Lines, Seeks More Commercial Business
Executive Officer Chris Listau said in a statement. The company said a narrower focus will allow it to more quickly bring new product innovations and service capabilities to ...
Source: BestWire   Date: August 30, 2024
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Update: Gallatin Point Adds $1.25 Billion to American Family Florida Homeowners Reciprocal
Financial Strength Rating of A- (Excellent). "A well-rounded, well-capitalized national expansion is planned, including those states most important to its distribution partners," ...
Source: BestWire   Date: January 3, 2024
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Seeking Expansion, K2 Insurance Services Is Acquired by Warburg Pincus
Insurance Services to support K2's growth strategy. The acquisition from Lee Equity Partners LLC includes mergers and acquisitions and incubation services, K2 said in a statement. ...
Source: BestWire   Date: December 1, 2022
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Update: Judge Approves Class Action Against Auto Insurer for Alleged Undisclosed Cancellation Fees
...Adds American Family response in penultimate paragraph.) A federal judge has certified a class-action lawsuit against an insurer selling nonstandard automobile coverage, alleging ...
Source: BestWire   Date: April 19, 2022
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American Family Annual Net Income Rises Despite Underwriting Loss
The combined ratio worsened 0.3 points to 103.8. Catastrophic losses included windstorms, tornadoes and the Marshall wildfire, which spread quickly to long-established developments ...
Source: BestWire   Date: March 1, 2022
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American Family Insurance to Raise Hourly Minimum Wage to $23, Is Second Hike in Two Years
Chief People Officer Tracy Schweitzer said in a statement. American Family currently has a $20 minimum for hourly employees. Schweitzer said the increase helps the carrier to ...
Source: BestWire   Date: February 10, 2022
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Oklahoma Court Approves Insurance Business Transfer Between Unrelated Companies
Randall & Quilter Investment Holdings Ltd. said an Oklahoma court approved an insurance business transfer arrangement for a portfolio of Sentry Insurance Co. reinsurance policies, ...
Source: BestWire   Date: August 27, 2021
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AM Best Affirms Credit Ratings of American Family Mutual Insurance Co., S.I., Its Affiliates and American Family Life Ins. Co.
American Family Mutual Insurance Company, S.I. (American Family) (Madison, WI) and its affiliates. In addition, AM Best has affirmed the Long-Term Issue Credit Rating of "bbb+" ...
Source: Press Releases   Date: May 27, 2021
AM Best Affirms Credit Ratings of American Family Mutual Insurance Co., S.I., Its Affiliates and American Family Life Ins. Co.
American Family Mutual Insurance Company, S.I. (American Family) (Madison, WI) and its affiliates. In addition, AM Best has affirmed the Long-Term Issue Credit Rating of "bbb+" ...
Source: BestWire   Date: May 27, 2021
Insurtech Root Launches Homeowners Insurance Operation in 13 States
Homeowners insurance is now part of Root Insurance Co.'s platform as the insurtech said it is offering coverage in 13 states. "Root Home, a streamlined homeowners insurance ...
Source: BestWire   Date: June 3, 2020
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