American Family agrees to buy Bowhead Specialty for USD 1.2 billion, offers USD 34 a share
Reuters2026/08/03 12:01- American Family Mutual Insurance agreed to buy Bowhead Specialty in an all-cash deal valuing the insurer at about USD 1.2 billion.
- Bowhead stockholders will receive USD 34 per share, an 11% premium to the July 31, 2026 close.
- Closing is targeted before end-2026, subject to regulatory clearances and Bowhead stockholder approval.
- Bowhead is expected to operate as a standalone unit within American Family; CEO Stephen Sills is set to remain in the role.
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