Bye Bye Kitty!!! Hollard to purchase Progressive Direct in Australia

Progressive Direct Insurance and Hollard Insurance announced they have entered into definitive agreements in which Hollard will acquire Progressive’s portfolio of insurance policies in Australia. Also, Hollard will enjoy certain rights to use the Progressive brand in connection with car insurance in Australia for a period of two and a half years. “This transaction allows Progressive to focus on our Destination Era strategy of growing our US business to become the number one choice and destination for auto and other insurance” – said Progressive CFO John Sauerland. Recall: Kitty is to Australians as Flo is to Americans.