Progressive acquisition of Protective approved by Indiana Department of Insurance
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Progressive acquisition of Protective approved by Indiana Department of Insurance

Bernard Goyder
May 25, 2021
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progressive-protective-logos-cleveland-ohio.jpg

The Indiana Department of Insurance has approved the sale of Protective Insurance Corporation to Progressive, the largest commercial auto insurer in the US, putting the $338mn deal on track to be completed on June 1.

The transaction adds around $547mn of gross written premiums to Progressive’s $5.6bn commercial auto book.

Protective, previously known as Baldwin & Lyons, mainly focuses on writing trucking and workers' compensation policies.

The

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NewsCommercial autoM&AProgressiveProtective
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Bernard Goyder
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