Auto-Owners Insurance Acquires Capital Insurance Group

GIG agreed to be acquired by the Lansing, Mich.-based insurer in February, and closing documents were signed this week.

(Image source: Pixabay.)

Capital Insurance Group (CIG, Monterrey, Calif.) has joined the Auto-Owners Insurance group of companies as the result of an agreement, signed in February, to be acquired by the Lansing, Mich. based insurer. After receiving all regulatory approvals, the closing documents were signed this week, a CIG statement says.

Arne Chatterton, President and CEO, CIG.

CIG is a regional property/casualty insurer that has been serving Western states since 1898. Working exclusively with independent agents, CIG provides a range of coverage for commercial, personal, and agricultural lines in California, Washington, Oregon, Nevada, and Arizona. In addition to providing comprehensive product offerings, CIG boasts extensive local expertise, superior claims service, and technology capabilities.

“For over 120 years, our dedicated and hardworking teams have worked side-by-side, protecting and restoring countless businesses and communities in the West,” comments Arne Chatterton, President and CEO, CIG. “As we turn this chapter, I couldn’t be more pleased about the future. With the support and financial backing of Auto-Owners, we are poised for mutually profitable growth for the next 120 years to come.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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