Demotech Comments on American Strategic and Progressive Deal |
| December 25, 2014 | December 2014 Bond Updates |
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COLUMBUS, Ohio, Dec. 24, 2014 /PRNewswire/ -- In a recently announced transaction, Progressive has agreed to purchase a 67% share of ARX, the parent of privately held American Strategic Insurance Company. The deal is valued at $875 million.
Demotech notes that it was the first... |
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