American Financial Group Acquires ABA Insurance Services

American Financial Group, Inc. agreed to acquire ABA Insurance Services Inc. from American Bankers Mutual Insurance, Ltd. for approximately $28 million in cash. ABAIS, based in Shaker Heights, Ohio, will continue to operate under its brand and become Great American Insurance Group’s 34th specialty P&C business unit; the business is expected to contribute about $50 million in annual net written premiums.