AF Group in AmeriTrust take-over to bolster insurance offering

AF Group, a holding company whose affiliated brands provide specialty and workers’ compensation insurance solutions across the US, has entered into an agreement to purchase AmeriTrust Group.

Founded in 1955, AmeriTrust Group is a commercial insurance underwriter and insurance administration services provider in the commercial property and casualty insurance industry. The company offers specialty insurance programs and products including workers’ compensation, commercial package and automotive business coverages, and comprehensive product offerings in various industry segments.

With this acquisition, AF Group said it welcomes AmeriTrust’s expertise in the property and casualty space to its enterprise and further enhances its successful specialty and workers’ compensation products and its capabilities in other lines of insurance.

Lisa Corless, president and CEO of AF Group, said, “This exciting acquisition aligns two world-class organisations toward a common goal of providing exceptional, customer-focused insurance products and services through our valued agents.

“The reputation and performance of AmeriTrust is proven in the marketplace, and we’re excited to welcome their exceptional team to our award-winning organization as we work together toward even greater success.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.