American Family Mutual Insurance Company announced the acquisition of all remaining equity interests in Bowhead Specialty, a specialist insurance firm, for an aggregate transaction value of approximately USD 1.2 billion.

Founded in New York in 2020 and listed on the New York Stock Exchange in 2024, Bowhead Specialty focuses on three specialty insurance lines: accident insurance, professional liability insurance and medical malpractice insurance. It operates a dual business model comprising manually underwritten complex risk coverage and digitalised small-ticket standardised underwriting.