American Family Agrees to $1.2 Billion Cash Buyout of Bowhead Specialty
American Family Mutual Insurance will acquire Bowhead Specialty for $1.2 billion in cash. The deal underscores ongoing consolidation in the specialty-insurance space and provides Bowhead shareholders with an immediate liquidity event. Closing hinges on regulatory approvals and customary conditions, with near-term price action expected as markets price eventual completion risk and premium implications.
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