Insurance news brings Permanent General into the American Family fold

property insurance news

The large insurer has now completed the acquisition that it had previously announced. American Family has made insurance news by completing the acquisition of Permanent General Companies, as well as other PGC Holdings Corp. subsidiaries. The purchase of the Tennessee based company had been previously announced and have now been completed. The transaction was for a reported $239 million, which was paid to Capital Z Partners, the previous majority owner. It had been awaiting its final step in order to close the insurance news deal, which was the approval from…

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