Capital Insurance Group in California Officially Acquired by Auto-Owners Insurance

May 28, 2019

Capital Insurance Group is now a member of the Auto-Owners Insurance group of companies after regulatory approvals were cleared and closing documents were signed this week.

CIG in February entered into an agreement to be acquired by Lansing, Mich. based Auto-Owners Insurance.

CIG is a leading regional property/casualty insurer that provides a range of customized coverage for commercial, personal, and agricultural lines in California, Washington, Oregon, Nevada, and Arizona.

Auto-Owners operates solely through independent agencies and also owns a life insurance company, an excess and surplus lines company, and is affiliated with Concord General Mutual Insurance Co. in the Northeastern U.S.

Related:

Topics Mergers & Acquisitions California Auto

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Latest Comments

  • October 7, 2019 at 6:37 pm
    jay kaye says:
    Now that Auto-Owners has taken over CIG they are non renewing homeowners policies in California because of the recent Cali Fires. I got my notice today. Called them and they ... read more
  • May 31, 2019 at 1:58 pm
    Being Realistic says:
    Auto-Owners never wrote business in California, so they are not "going back" to doing anything. This is an opportunity for them to expand. They already write in AZ so they pic... read more
  • May 30, 2019 at 9:45 am
    Observor says:
    My guess is that Auto_Owners purchased this company to expand to California. The attraction to CIG is its strong California agency base. Auto-Owners can improve the ethical a... read more

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