STEVENS
POINT, Wis. and NASHVILLE,
Tenn., Jan. 1, 2025 /PRNewswire/ -- Sentry
Insurance, one of the nation's top mutual insurance companies,
today announced the successful 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 in Sentry's 120-year
history. NSA insurance is for drivers who face challenges obtaining
standard auto coverage.
The acquisition strengthens Sentry's position in the NSA market
by combining the expertise and reputations of its
Dairyland® brand and The General. Moving forward, the
company will adopt The General as its primary brand for the NSA
market, creating a single, stronger presence in the industry.
"This marks an exciting new chapter for Sentry and The General,"
said Pete McPartland, Chairman and
CEO of Sentry. "By bringing together Dairyland's independent agent
network and The General's direct-to-consumer expertise, we're
uniquely positioned to offer greater flexibility and accessibility
to drivers across the U.S. I'm thrilled to welcome The General's
1,300 associates to the Sentry team and look forward to what we'll
achieve together."
The General's associates officially joined Sentry's 5,000-strong
workforce today, January 1, 2025. The
General will maintain its office in Nashville, Tennessee, ensuring continuity for
employees and customers during the transition.
Sentry was advised on legal matters by Sidley Austin LLP, with
J.P. Morgan acting as financial advisor.
About Sentry Insurance
Sentry Insurance is part of a financially secure mutual
insurance group in the United
States, holding a Financial Strength Rating of A+ (Superior)
from AM Best, as of June 2024. Sentry
and its subsidiaries offer property and casualty insurance, life
insurance, annuities, and retirement programs for businesses and
individuals nationwide. Headquartered in Stevens Point, Wisconsin, Sentry employs 5,000
associates across the country. For a complete list of underwriting
companies, visit sentry.com.
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SOURCE Sentry Insurance