Progressive snaps up commercial auto insurer Protective for $338m

17-02-2021

US commercial auto insurer Progressive has signed a $338 million all-cash deal to acquire Indiana-based Protective Insurance Corporation as it seeks to expand its product capabilities and further grow its market presence.

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Progressive, Protective Insurance Corporation, Mergers & Acquisitions, Insurance, Reinsurance, North America

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Progressive snaps up commercial auto insurer Protective for $338m

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