American Family Insurance, a P&C mutual insurance company, is acquiring PGC Holdings Corp. (Permanent General Co.s) and its subsidiaries, including non-standard auto insurers Permanent General  and The General. Closing of the $239 million transaction is targeted for later this year, subject to regulatory approval.

American Family says Permanent General Co.s will remain a completely separate brand from American Family, and will continue to operate as a separate entity. Employee positions will be retained, and Randy Parker will continue in his role as Permanent General’s CEO.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access