Policy shift: Insurer moves ahead with consolidation

Progressive has accelerated its buyout plan for St. Petersburg-based American Strategic Insurance.


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  • | 6:00 a.m. March 20, 2020
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Auto insurance giant Progressive Corp. has accelerated its acquisition timeline for ARX, the holding company that owns American Strategic Insurance, a property insurance firm headquartered in St. Petersburg. In a March 4 call with investors, Progressive CEO Tricia Griffith reported Progressive was on track to buy out 100% of ARX stock next month, a year ahead of schedule. 

 

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