American Family Insurance announces merger plan with Main Street America Group
American Family Insurance | May 04, 2018
Florida-based insurer Main Street America Group plans to merge with American Family Insurance in a deal aimed at geographical and risk diversity along with increased sales, the companies said Friday. Under the merger plan, the combined equity of the companies would be $9 billion. Main Street America would operate as a stand-alone brand within American Family Insurance group, similar to The General and Homesite, two insurers acquired in 2012 and 2013, respectively, by American Family.