Cincinnati-based American Financial Group Inc. (AFG) said it has entered into a definitive agreement to purchase Strategic Comp Holdings, LLC. Terms of the deal were not released.

Strategic Comp, headquartered in Metairie, La., is a provider of workers’ compensation programs offering a combination of loss control, claims management and deductible-based options for midsize to large commercial accounts. The company is expected to produce approximately $30 million of workers’ comp premium in 2007, AFG said.

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