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Gallatin Point Capital

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American Family buys out specialty insurer Bowhead in $1.2 billion deal

Money Moves

Early backer, now a selling shareholder

American Family, a Wisconsin mutual insurer best known for car and home policies, is paying about $1.2 billion to buy the rest of Bowhead Specialty. It seeded the company in 2020 and already owned roughly 14%. Now it wants all of it.

Updated 3 hours ago