Today’s issue of WorkCompRecap features the announcement from AF Group that it has entered into a definitive agreement through its subsidiary Accident Fund Insurance Company of America to purchase AmeriTrust Group from Fosun.
The AF Group noted that the acquisition aligns the two organizations toward a common goal of providing exceptional, customer-focused insurance products and services through its valued agents. The AF group also noted that it welcomes AmeriTrust’s expertise in the property and casualty space and further enhances its successful specialty and workers’ comp products and capabilities in other lines of insurance. The acquisition is expected to be completed after obtaining the necessary regulatory approvals.