Blue Cross Blue Shield of Michigan has entered into a definitive agreement to sell its wholly owned subsidiary AF Group to Enstar Group, a leading global insurance and reinsurance group backed by investment vehicles managed by affiliates of Sixth Street, a global investment firm. The transaction positions AF Group for future success, while strengthening Blue Cross’s financial foundation and capital flexibility, furthering its core commitment to delivering high-quality, affordable health care services to members and group customers.
Read the full article: Blue Cross Blue Shield of Michigan Positions AF Group for Future Success with Sale to Enstar Group, Backed by Sixth Street //
Source: https://www.prnewswire.com/news-releases/blue-cross-blue-shield-of-michigan-positions-af-group-for-future-success-with-sale-to-enstar-group-backed-by-sixth-street-302687764.html