Acquisition strengthens Sentry Insurance position in non-standard auto insurance market. Sentry Insurance, one of the nation’s top mutual insurance companies, yesterday announced the completion of its acquisition of The General , a leading provider of non-standard auto (NSA) insurance, from American Family Insurance. The $1.7 billion transaction, first announced in September, represents the largest acquisition […]
Sentry Insurance to Acquire The General from American Family
$1.7 billion acquisition expands Sentry’s reach in non-standard auto insurance. Sentry Insurance announced it will acquire The General from American Family Insurance for approximately $1.1 billion in cash consideration. Including the value of assumed liabilities and required capital, the total transaction value will be $1.7 billion. The transaction is expected to close by year-end 2024, […]