BCBS Michigan subsidiary AF Group completed its purchase of Southfield, Mich.-based AmeriTrust Group for an undisclosed amount on Jan. 3.
AF purchased the company from Chinese conglomerate Fosun after first announcing the deal in April 2022.
"We look forward to the expanded capabilities and talented team AmeriTrust will add to AF Group's industry-leading expertise in the property and casualty space, enabling greater service offerings to agents and customers," Daniel Loepp, president and CEO of BCBSM, said.