Exclusive: AF Group-owned Century Insurance’s president Cheung Kwan steps down

By James Thaler

April 22 - Cheung Kwan is leaving his post as president of AmeriTrust E&S subsidiary Century Insurance Group after eight years with the company and its predecessor Meadowbrook, and shortly after The Insurer reported that parent company AF Group is up for sale.

Details on Kwan’s departure, the reason for his exit and succession plans for his role with the insurer could not immediately be confirmed.

Kwan declined to comment. A spokesperson for AF Group did not immediately respond to a request for comment.

Century operates as the E&S arm of AmeriTrust, which was acquired by AF Group at the beginning of 2023.

Its product offerings include general liability, commercial property, inland marine, environmental, garage and auto dealers, ocean marine, excess casualty, and surety products.

Kwan joined the company in 2017 when it was known as Meadowbrook, originally serving as chief operating officer for several months before being elevated to the role of president.

He previously worked for Hallmark and Zurich, where he was the global chief pricing actuary for property lines.

At Century he was responsible for developing the business strategies and managing the day-to-day operations to enable it to continue its profitable growth trajectory.

Meadowbrook was rebranded as AmeriTrust in 2017.

The Insurer was the first to report on Monday that AF Group parent Blue Cross Blue Shield of Michigan is working on a sale of the property-casualty subsidiary for a potential transaction that would be worth as much as $3 billion.