Great American Insurance Group Acquires Employers Comp Associates and Freeman Administrative Solutions

CINCINNATI--(BUSINESS WIRE)-- Great American Insurance Group announced today it has entered into an asset purchase agreement with Employers Comp Associates, Inc. (“ECA”) and Freeman Administrative Solutions, Inc., (“FAS”) which are both owned by Darlene and Larry Freeman. Upon completion of the transaction, Darlene Freeman will join Great American Insurance Group as Divisional President of ECA and FAS.

Since its founding in 1993, ECA, headquartered in Dallas, Texas, has been a leading provider of employers’ primary indemnity coverage for employers that opt out of the Texas Workers’ Compensation system and occupational accident coverage for independent owner/operator truckers. FAS, established in 2002 and also headquartered in Dallas, is a claims administrator specializing in the handling of employers’ primary indemnity and occupational accident claims.

Mike Sullivan, Senior Vice President of Great American Insurance Group, commented, “We are excited about this new business relationship and look forward to working with the Freemans and the ECA and FAS teams to continue to provide excellent coverage and service to the Texas non-subscription market. This acquisition is an attractive addition to Great American Insurance Group’s portfolio of specialty P&C businesses and supports our strategy of building and acquiring specialty insurance businesses that excel in markets that they know and serve well.”

About Great American Insurance Group

Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and indexed annuities and a variety of supplemental insurance products such as Medicare supplement. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation effective February 14, 2011). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange and the Nasdaq Global Select Market under the symbol AFG.

Great American Insurance GroupDiane P. Weidner, 513-369-5713
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Source: Great American Insurance Group