Response Insurance Buys 2 DTC Insurers

Share this content:
Response Insurance Group purchased two direct-to-consumer insurance companies from Great American Insurance Co., Great American parent American Financial Group said last week.


The companies -- Worldwide Insurance and its subsidiary, Worldwide Direct Auto Insurance -- represented 70 percent of the direct personal auto insurance premiums written by Cincinnati-based American Financial Group. Direct auto insurance premiums at AFG totaled $108 million last year.


Response paid $32.2 million in cash, plus another $17 million. Response also will pay commissions to Great American for direct policies acquired as part of the purchase that are renewed.


Response, Meriden, CT, was founded in 1996. It includes Warner Insurance Co., Teachers' Insurance Plan and several other DTC insurance companies, all of which are subsidiaries of Direct Response Corp.


This article is part of the DMNPolitics site, in partnership with Fluent. Click on the footer to see all of our content about the 2016 Election

Loading links....
close

Next Article in Data/Analytics

Sign up to our newsletters

Latest Jobs:

Featured Listings