Stephen Sills

Founder and Chief Executive, Bowhead Specialty

Appears in 1 story

Last updated Aug 3, 2026

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

Money Moves

As of August 2026: Set to stay on as CEO after the deal closes

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 Aug 3