Companion Property & Casualty Insurance Group, a subsidiary of BlueCross BlueShield of South Carolina, has acquired the insurance and insurance-related service operations of AmFed Holding Company Inc. of Ridgeland, Miss., it was announced.
Companion's parent firm said AmFed is the largest workers' compensation insurance and self-insurance administration company in Mississippi and administers more than $75 million in annual premiums in the state. Financial terms of its acquisition were not disclosed.
Based in Columbia, S.C., Companion is a multiline insurance company licensed in 47 states. The acquisition includes AmFed National Insurance Company and AmFed Casualty with insurance company operating entities AmFed Companies LLC and AmFed Insurance Services LLC.
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