History
AmeriTrust Group – A story of evolution and innovation
1955 | Meadowbrook Insurance Agency founded in Southeastern Michigan by businessman Mert Segal. |
1985 | Founded Star Insurance Company, specializing in group property and casualty lines, providing insurance products to trade associations, public entities, affinity groups, individual businesses and professionals. |
1995 | Meadowbrook’s common stock becomes publicly traded. |
1997 | Acquired Crest Financial Corporation – includes Williamsburg National Insurance Company, Interline Insurance Services (wholesale agency) and Commercial Carriers Insurance Agency (retail agency). These companies primarily service the need of the trucking and transportation industries. |
1998 | Acquired Ameritrust Insurance Corporation and Florida Preferred Administrators. Ameritrust specializes in underwriting workers’ compensation. |
2007 | Acquired U.S. Specialty Underwriters (USSU) which produces excess workers’ compensation coverages. |
2008 | Merger transaction with ProCentury Corporation, parent of Century Surety and Pro Century Insurance. Century provides excess and surplus lines insurance coverages. |
2013 | Launched the new risk management platform Safetysurance. |
2015 | Merged with Fosun International Limited of Shanghai, China. |
2015 | Acquired Mackinaw Administrators based in Brighton, MI. Mackinaw provides claims administration and risk management programs. |
2019 | AM Best Upgrades Credit Ratings of AmeriTrust Group Members to “A-” (Excellent) with Positive Outlook. |
2022 | Acquired by AF Group, through its subsidiary, Accident Fund Insurance Company of America. |
2024 | AM Best Upgrades Credit Ratings of AmeriTrust Group Members to “A” (Excellent) with Stable Outlook. |