Auto-Owners
Auto-Owners Insurance is the largest property and casualty insurance company based in Michigan, with origins tracing back to 1916 when Vern V. Moulton established the company in Mt. Pleasant. Initially operating with minimal resources, the company was relocated to Lansing in 1917, where it began to grow despite economic challenges, including the Great Depression. During this period, Auto-Owners earned a reputation for financial stability by promptly paying all claims in cash. The company initially focused on automobile insurance but expanded into general casualty insurance in 1940. This growth necessitated the acquisition of multiple office spaces until, in 1951, Auto-Owners consolidated its operations into a single home office in downtown Lansing. Over the years, Auto-Owners has maintained a commitment to service and reliability, contributing to its status as a leading insurer in the region.
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2 past transactions
Capital Insurance Group
Acquisition in 2019
Capital Insurance Group Inc. is a regional provider of property and casualty insurance services, established in 1898 and headquartered in Monterey, California. The company offers a diverse range of insurance products, including personal lines such as home, auto, renter, and building owner insurance, as well as commercial and agricultural coverage. Capital Insurance Group serves customers through independent insurance agents and agencies across several states, including California, Nevada, Oregon, Washington, Idaho, Arizona, and New Mexico. As of 2019, it operates as a subsidiary of Auto-Owners Insurance Company, Inc., ensuring a strong foundation for delivering comprehensive insurance solutions and value to its clients.
Atlantic Casualty Insurance Company
Acquisition in 2015
Atlantic Casualty Insurance Company, founded in 1983 and based in Goldsboro, North Carolina, specializes in casualty insurance services. Initially established to underwrite a significant portfolio of non-standard personal auto insurance, the company shifted its focus in the late 1990s to commercial insurance products. Its current offerings include Commercial General Liability, Commercial Package, Inland Marine, Commercial Property, Boiler and Machinery, and Commercial Auto insurance, which are distributed exclusively through Managing General Agencies. As a subsidiary of Strickland Insurance Group, Atlantic Casualty has established a strong presence in the insurance market and is committed to providing tailored solutions to its clients.
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