AmFam, Ameriprise reach deal

Madison-based American Family Insurance announced plans to acquire Ameriprise Auto & Home of De Pere for $1.05 billion in cash, the property and casualty insurance business of Ameriprise Financial, according to a release.

The move broadens American Family’s geography, strengthens the company’s financial position, and creates another subsidiary of American Family Insurance.  

In a separate release, American Family named Christian Yelich, Milwaukee Brewer outfielder and 2018 MLB MVP, to serve as a brand ambassador and community partner.