Companion Property Purchases AmFed Holding

Companion Property & Casualty Insurance Group, a multi-line insurance company licensed in 47 states, has acquired all of the insurance and insurance-related service operations of AmFed Holding Company Inc., the largest workers' compensation insurance and self-insurance administration company in Mississippi.

The acquisition by Columbia, S.C.-based Companion Property & Casualty includes AmFed National Insurance Company and AmFed Casualty Insurance Company, along with operating entities AmFed Companies, LLC and AmFed Insurance Services, LLC.

AmFed President and CEO John "Billy" Roberts will continue leading AmFed, and AmFed's 98 employees will remain in place to expand AmFed's product offerings.

"Companion Property & Casualty's strong financial rating and experience with multi-line products will give AmFed the ability to provide other insurance products for existing accounts and to write business in states other than Mississippi, and build on the success it already enjoys," Companion Property & Casualty President Charles Potok said.