American Financial To Acquire Strategic Comp Holdings

Cincinnatti — American Financial Group Inc., which sells property/casualty insurance, agreed to purchase Strategic Comp Holdings LLC for an undisclosed sum.

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SCH provides workers' compensation programs for medium and large commercial accounts.

Strategic Comp is expected to produce about $30 million of workers' compensation premiums in 2007, which, the company says, will result in a net increase in premiums to AFG and its wholly owned subsidiary Great American Insurance Co. of about $15 million.

Source: FinancialWire

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