Response Buys Two AFG Units
NU Online News Service, Jan. 27, 4:04 p.m. EST?American Financial Group Inc., a Cincinnati-based insurance holding company, said today its insurance subsidiary, Great American Insurance Co., will sell its Worldwide Insurance Co. and Worldwide Direct Auto Insurance Co. to Response Insurance Group.
In the deal, Great American will be paid $17 million, plus an amount equal to the policyholders' surplus of the Worldwide companies being sold.
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