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- American Family Enterprise Adds Policyholders, Spreads Storm Risk with Acquisition of Ameriprise Auto & Home
American Family Enterprise Adds Policyholders, Spreads Storm Risk with Acquisition of Ameriprise Auto & Home
Wisconsin-based American Family Insurance Mutual Holding Company, with whom The Main Street America Group formally merged effective Oct. 31, 2018, announced today it has reached agreement to acquire Ameriprise Auto & Home, a De Pere, Wisconsin-based property-casualty insurance provider that primarily sells its products through a partnership with wholesale retailer Costco.
“With this acquisition, we expand our efforts to reach customers (policyholders) who prefer to acquire insurance through relationships they have with other entities. By doing this and continuing to grow in our other channels, we build scale, capabilities and financial strength to provide greater value to our customers,” Salzwedel said.
For more information on the acquisition, please read the news release on American Family’s online newsroom.
About The Main Street America Group
Headquartered in Jacksonville, Fla., Main Street America offers a wide range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States. The company writes more than $1.1 billion in annual premium exclusively through independent insurance agents. Main Street America carries an "A" (Excellent) Financial Strength Rating, with a Stable Outlook, and “a+” Issuer Credit Rating from A.M. Best. In 2018, Main Street America merged with American Family Insurance, the nation’s 13th-largest property/casualty insurance group, becoming the enterprise’s channel to distribute products through independent agents. Visit us at and on Facebook, Twitter and LinkedIn.