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The tender offer, to be carried out by AFG's fully-owned unit Great American Insurance Co (GAIC), will run until 6 March, unless extended or earlier terminated.
Michael O'Connor, AFG's President and Regional Director stated, “AFG's NYC office is the largest it has been in terms of contracts and full-time employees.
Summit, which has around USD520m of premium written, will continue to operate under its brand following the acquisition, but as a member of AFG's Great American Insurance Group.
AFG is pleased to take part in developing a future GSA trained firm to support upcoming projects.
AFG sees the deal as closing near the end of the third quarter or during the early days of the fourth quarter.
The operations of Great American Insurance Group are mainly in property and casualty insurance, focused on speciality commercial products and in the sale of traditional fixed and fixed-indexed annuities.The members of the company are subsidiaries of AFG, also based in Cincinnati, Ohio.
With major offices in New York City and Washington DC, AFG has expanded to more than 20 project offices in 14 states since its inception 25 years ago.
Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed, fixed-indexed and variable-indexed annuities in the retail, financial institutions, broker-dealer, registered investment advisor and education markets.
AFG College with the University of Aberdeen will be holding its own graduation ceremony in Doha this November, for graduates who did not attend the ceremony in Scotland.
On the condition of anonymity, workers from AFG gave us their stories.
Around 600 AFG staff from across the northwest were balloted by Unison.
BANKING AND CREDIT NEWS-March 13, 2019-PenFed Credit Union, Auto Financial Group partner to reinforce AFG's expansion
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