Datapoint: MI Blues to Purchase Specialty Insurance Company

April 21

Blue Cross Blue Shield of Michigan subsidiary AF Group last week said it has entered an agreement to purchase AmeriTrust Group, an insurance company that offers specialty products including workers’ compensation, commercial package and automotive business coverages. The deal will bolster BCBSMI’s diversification efforts and mitigate the financial impact of the COVID-19 pandemic, the press release detailed. The Blues affiliate is currently the largest insurer in Michigan, with 4,520,146 members — 43.1% of the state’s medical lives.

Source: AIS’s Directory of Health Plans